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Atul Auto Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 399.37 Crore) operating in Auto sector.

“Given that retail consumption and retail credit are on higher side, already the corporate credits catching up the banks would probably have one of the best times going forward. The current fall is largely due to the traders selling out in the market to pay their differences. This could be an opportunity to buy some quality banking and NBFC stocks into the portfolio.”

As of 31-Dec-2021, promoters held 54.8 per cent stake in the company, while FIIs held 24.85 per cent and domestic institutional investors had 11.41 per cent.

The Relative Strength Index of the stock stood at 30.62 on Tuesday.

The selling has persisted despite the company narrowing its losses drastically in the December quarter. The food delivery firm also hinted it was very close to achieving Ebitda breakeven. But none of the rhetoric could help its shares, which are now less than half its peak.

A total of 27,500 shares changed hands on the counter till 12:43PM (IST)

The stock quoted a 52-week high price of Rs 449.8 and low of Rs 231.95.

On the technical charts, the RSI of the stock stood at 40.29.

“In major Chinese companies, the Communist Party has taken a position and all data goes to them. In the US, apps are accessed by the NSA. So the next step is a law where all our data resides in India, is under the control of the Indian government and no foreign government has access to it. ”

The consolidated revenue from operations of MTNL declined by about 16 per cent to Rs 303.56 crore during the reported quarter from Rs 360.49 crore in the December 2020 quarter, PTI reported.