Today, we’re going on a journey to explore the Atul Auto Share Price Target for the years 2023 to 2050. Atul Auto, a prominent name in India’s automotive industry, has been trailblazing for over three decades with a commitment to innovation and change. Their journey began in the 1970s, a period marked by crucial transportation challenges, particularly in rural areas.
It was then that the company pioneered the creation of the ‘Chhakada’, an iconic vehicle that transformed transportation in the Saurashtra region. This innovation was the brainchild of the late Shree Jagjivanbhai Karsanbhai Chandra, an inventive and strategic thinker.
His legacy was carried forward by his son, Shree Jayantibhai Chandra, who further advanced the technology and introduced the diesel-powered ‘Chhakada’ with improved features, making it a staple in Saurashtra’s transportation scene.
Overview of Atul Auto
| Name | Atul Auto Limited |
| Symbol | BSE: 531795, NSE: ATULAUTO |
| Industry | Automotive |
| Founded | 1986 |
| Headquarters | Rajkot, Gujarat, India |
| Services | Manufactures and sells three-wheeler automobiles |
| Country | India |
| Locations | Multiple locations in worldwide |
| Website | atulauto.co.in |
| Profile | Multiple locations worldwide |
Atul Auto’s vehicles, renowned for their sturdiness, reliability, and cost-effectiveness, have significantly redefined the three-wheeler industry. The company boasts over a million vehicles on global roads since its first rollout in the 1970s.
Demonstrating rapid growth, Atul Auto is one of the fastest-growing three-wheeler companies in India, with an expansive presence across 21 states, supported by a robust network of over 200 primary and 130 secondary networks.
Atul Auto’s product range is diverse, encompassing the entire spectrum of three-wheeler vehicles across various fuel types, including Diesel, Petrol, CNG, LPG, and Electric. This comprehensive range positions Atul as a unique player in the market, catering to a wide array of customer needs and preferences.
Keep an eye on Atul Auto’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Atul Auto’s stock price. we will also take into analyst recommendations from various brokerage firms at the end of the article.
Above, the chart presents historical prices for Atul Auto stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the Atul Auto share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are available on Atul Auto.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 16 AUG 2023 | AUM Capital | 424.00 | Buy |
| 20 JAN 2023 | ICICI Direct | 360.00 | Hold |
Fundamentals of Atul Auto
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Atul Auto price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
the minimum target for Atul Auto share price in 2023 could be around ₹700, while the maximum target could be around ₹800. The company has been witnessing strong demand for its products, driven by the increasing adoption of three-wheelers in both urban and rural areas. Additionally, the company’s focus on expanding its product portfolio, enhancing its distribution network, and improving operational efficiency is expected to drive growth in the coming years.
Looking ahead to 2024, the minimum target for Atul Auto share price could be around ₹850, while the maximum target could be around ₹950. The company is expected to continue its growth trajectory, driven by its strong product portfolio, expanding distribution network, and focus on operational efficiency. Additionally, the company’s strategic initiatives, such as the launch of new products and expansion into new markets, are expected to further boost its growth prospects.
By 2025, the minimum target for Atul Auto share price could be around ₹1000, while the maximum target could be around ₹1200. The company is expected to benefit from the increasing demand for three-wheelers in India, driven by factors such as urbanization, last-mile connectivity, and e-commerce growth. Atul Auto’s strong brand reputation, efficient operations, and focus on innovation are expected to further strengthen its position in the market.
By 2027, the minimum target for Atul Auto share price could be around ₹1800, while the maximum target could be around ₹2000. The company is expected to benefit from the increasing demand for three-wheelers in India, driven by factors such as urbanization, last-mile connectivity, and e-commerce growth. Atul Auto’s strong brand reputation, efficient operations, and focus on innovation are expected to further strengthen its position in the market.
Looking ahead to 2030, the minimum target for Atul Auto share price could be around ₹3000, while the maximum target could be around ₹3500. The company is expected to continue its growth trajectory, driven by its strong product portfolio, expanding distribution network, and focus on operational efficiency. Additionally, the company’s strategic initiatives, such as the launch of new products and expansion into new markets, are expected to further boost its growth prospects.
By 2035, the minimum target for Atul Auto share price could be around ₹5000, while the maximum target could be around ₹6000. The company is expected to benefit from the increasing demand for three-wheelers in India, driven by factors such as urbanization, last-mile connectivity, and e-commerce growth. Atul Auto’s strong brand reputation, efficient operations, and focus on innovation are expected to further strengthen its position in the market.
Looking ahead to 2040, the minimum target for Atul Auto share price could be around ₹8000, while the maximum target could be around ₹10000. The company is expected to continue its growth trajectory, driven by its strong product portfolio, expanding distribution network, and focus on operational efficiency. Additionally, the company’s strategic initiatives, such as the launch of new products and expansion into new markets, are expected to further boost its growth prospects.
By 2050, the minimum target for Atul Auto share price could be around ₹15000, while the maximum target could be around ₹20000. The company is expected to benefit from the increasing demand for three-wheelers in India, driven by factors such as urbanization, last-mile connectivity, and e-commerce growth. Atul Auto’s strong brand reputation, efficient operations, and focus on innovation are expected to further strengthen its position in the market.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹700 | ₹800 |
| 2024 | ₹850 | ₹950 |
| 2025 | ₹1000 | ₹1200 |
| 2026 | ₹1400 | ₹1600 |
| 2027 | ₹1800 | ₹2000 |
| 2030 | ₹3000 | ₹3500 |
| 2035 | ₹5000 | ₹6000 |
| 2040 | ₹8000 | ₹10000 |
| 2050 | ₹15000 | ₹20000 |
Competitors of Atul Auto
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Bajaj Auto | 24.97 | 170791.63 |
| Atul Auto | 340.38 | 1701.88 |
| Scooters India | – | 498.16 |
Analyst Recommendations
Atul Auto Buy or Sell
Daily Low / High
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– According to Google historical data, the price of Atul Auto on 28 JUNE 2013 was ₹92.50
– As of 29 November 2023, the current share price of Atul Auto is ₹610.70 Check out today’s current share price.
– Based on our analysis, the maximum share price target for Atul Auto in 2023 could be ₹800.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “Atul Auto Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold Atul Auto stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
