Vijay Kedia Portfolio: Shares of Atul Auto are one of the stocks of Vijay Kedia, which remained sideways for few trading sessions and also under selling pressure. The auto stock has lost nearly 8.5 per cent in the past one month, which comes as a surprise to retail investors as they believe marquee investors do not lose money. However, stock market experts believe that such a fall in Vijay Kedia’s stock should be seen as a buying opportunity as it could go up. ₹240 in the short term time-horizon.
Advice to investors for buying this Vijay Kedia stock at current levels; Sumeet Bagadiya, Executive Director, Choice Broking said, “Anyone can buy and hold shares of Atul Auto ₹220 to ₹Maintaining a target stop loss of 240 in the short term ₹185.”
Highlighting the fundamentals that can drag Atul Auto share price; Raghunandan NL, Research Analyst, Emkay Global Securities, said, “We see a strong rebound in 3W (three wheeler) demand ahead in both passenger and cargo segments, aided by easing of lockdown, improved macro and replacement demand for EVs. There is also the potential for penetration. To increase due to Government’s thrust and favorable cost of ownership, “Atul Auto continues its efforts to strengthen its market presence by: 1) increasing penetration in CNG/LPG segment; 2) improving credit access through its finance arm; 3) Increase presence in key export markets; 4) Launching new products; and 5) expanding distribution reach.
On his views regarding the Vijay Kedia Portfolio stock; Raghunandan NL of Emkay Global Securities said, “Anyone can buy and hold Atul Auto for a target of 12 months. ₹300 per equity share.”
Vijay Kedia’s stake in Atul Auto
As per the shareholding pattern of Atul Auto for Q1FY2021-22, Vijay Kedia has invested in this company through Kedia Securities. Kedia Securities holds 3,21,512 shares of this auto company, which is about 1.47 percent of the total shares of the company.
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