Atul Auto Visit Note By IndiaNivesh

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December 3, 2014 at 3:21 pm #1256

Vidhi Khanna
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We expect volumes to remain on the uptrend as the market share increases in newly launched markets. Also, the new petrol engine variant to be launched is likely to add incremental volumes as Atul targets urban and export markets for growth. At CMP of Rs. 554, stock is trading 20xFY16e Bloomberg estimates.

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