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| Image Credit: Atul Auto |
In November 2021, Atul Auto sold 1,344 vehicles, a 16.05 per cent decrease from the 1,601 vehicles sold in November 2020.
When compared to 2,141 vehicles sold in October 2021, the company's auto sales have decreased by 37.23 per cent.
Rajkot-based Under the 'Atul' brand, Atul Auto manufactures three-wheelers (goods and passenger segments), as well as parts, components, and connected products.
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In the quarter ended September 2021, the company recorded a consolidated net loss of Rs 4.19 crore, compared to a net profit of Rs 2.07 crore in the previous quarter ended September 2020. In Q2 FY22, net sales increased 10.73 per cent year on year to Rs 83.20 crore.
On the BSE, the stock was now trading 0.92 per cent lower at Rs 209.45.
The stock has dropped 19.98% in the last month, while the benchmark Sensex has dropped 3.26 per cent in the same time period.
The stock's RSI (relative strength indicator) was 38.577 on the technical front. The RSI fluctuates between zero and one hundred. When the RSI rises above 70, it is considered overbought, and when it falls below 30, it is deemed oversold.
The stock was trading at 227.22 and 216.09, respectively, below its 50-day and 100-day simple moving averages (SMAs). However, it has managed to stay above its 200-day SMA of 200.53.
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