Atul Auto finally unveiled their electric 3-wheelers at the Auto Expo in Delhi yesterday. For the first time (as far as I am aware) since the huge upcycle between 2012-2015, Mr. Vijay Kedia has given an interview in the capacity of Director at Atul Auto.
To me, this is playing out in a very similar way to the 2012-2015 upcycle:
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Depressed valuations, capacity expansion and improving business performance.
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Mr. Kedia owning a huge stake of almost 20%. As the stock went higher and higher, he virtually sold all his stake (big institutions were on the other side of the trade). In 2012-2015, it was a case of a virtually unknown stock getting discovered and swinging to the other extreme – so it’s unlikely that a cycle of this magnitude will repeat.
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The company giving many interviews on media channels with Mr. Kedia at the forefront (towards the end of the 2012-2015 cycle, he gave an interview as he was selling the stock). Now after a long pause, he gave this interview yesterday. Also over the last few months, there have been many interviews with the Atul Auto CFO (in contrast to the preceding few years).
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