{"id":69386,"date":"2026-04-10T12:21:38","date_gmt":"2026-04-10T06:51:38","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=69386"},"modified":"2026-04-10T12:21:41","modified_gmt":"2026-04-10T06:51:41","slug":"atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/","title":{"rendered":"Atul Auto Explodes 35% in 5 Weeks \u2014 Is This Small-Cap Three-Wheeler Company India&#8217;s Next EV Multibagger?"},"content":{"rendered":"<p>Atul Auto has exploded 35% in five weeks, and this Rajkot-based three-wheeler manufacturer is the kind of small-cap stock that retail investors in India live for \u2014 a genuine business transformation story in a sector on the cusp of an EV revolution.<\/p><p>This article covers every key reason behind Atul Auto&#8217;s recent surge, what the data says about sustainability, the short-term and long-term share price targets for 2026, and what catalysts and risks investors need to monitor before making any decision.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Click Here 2013 Get Free Investment Predictions on Univest<\/strong><\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#About_Atul_Auto_NSE_ATULAUTO\" title=\"About Atul Auto (NSE: ATULAUTO)\">About Atul Auto (NSE: ATULAUTO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Why_Is_Atul_Auto_Share_Price_Rising_The_Surge_Explained\" title=\"Why Is Atul Auto Share Price Rising? The Surge Explained\">Why Is Atul Auto Share Price Rising? The Surge Explained<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Financial_Performance_%E2%80%94_What_the_Numbers_Say\" title=\"Financial Performance \u2014 What the Numbers Say\">Financial Performance \u2014 What the Numbers Say<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Key_Catalysts_That_Could_Drive_Atul_Auto_Share_Price_Higher\" title=\"Key Catalysts That Could Drive Atul Auto Share Price Higher\">Key Catalysts That Could Drive Atul Auto Share Price Higher<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Risks_to_Watch_Before_Chasing_the_Rally\" title=\"Risks to Watch Before Chasing the Rally\">Risks to Watch Before Chasing the Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Technical_Setup_%E2%80%94_Is_the_Rally_Sustainable\" title=\"Technical Setup \u2014 Is the Rally Sustainable?\">Technical Setup \u2014 Is the Rally Sustainable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Institutional_Positioning_and_Market_Sentiment\" title=\"Institutional Positioning and Market Sentiment\">Institutional Positioning and Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Future_Outlook_%E2%80%94_Can_Atul_Auto_Sustain_the_Rally\" title=\"Future Outlook \u2014 Can Atul Auto Sustain the Rally?\">Future Outlook \u2014 Can Atul Auto Sustain the Rally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Atul_Auto_Share_Price_Target_2026\" title=\"Atul Auto Share Price Target 2026\">Atul Auto Share Price Target 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Short-Term_Target_3-6_Months\" title=\"Short-Term Target (3-6 Months)\">Short-Term Target (3-6 Months)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#12-Month_Analyst_Consensus_Target\" title=\"12-Month Analyst Consensus Target\">12-Month Analyst Consensus Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Long-Term_Target_FY27-FY28\" title=\"Long-Term Target (FY27-FY28)\">Long-Term Target (FY27-FY28)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Q1_Why_did_Atul_Auto_surge_35_in_5_weeks\" title=\"Q1. Why did Atul Auto surge 35% in 5 weeks?\">Q1. Why did Atul Auto surge 35% in 5 weeks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Q2_What_is_Atul_Autos_share_price_target_2026\" title=\"Q2. What is Atul Auto&#8217;s share price target 2026?\">Q2. What is Atul Auto&#8217;s share price target 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Q3_What_does_Atul_Auto_make\" title=\"Q3. What does Atul Auto make?\">Q3. What does Atul Auto make?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Q4_What_is_the_PM_e-DRIVE_subsidy\" title=\"Q4. What is the PM e-DRIVE subsidy?\">Q4. What is the PM e-DRIVE subsidy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Q5_What_is_Atul_Autos_market_cap\" title=\"Q5. What is Atul Auto&#8217;s market cap?\">Q5. What is Atul Auto&#8217;s market cap?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/atul-auto-explodes-35-in-5-weeks-is-this-small-cap-three-wheeler-company-indias-next-ev-multibagger\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Atul_Auto_NSE_ATULAUTO\"><\/span><strong>About Atul Auto (NSE: ATULAUTO)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>[Click Here \u2013 Get Free Investment Predictions<\/strong><\/a> on Univest.<\/p><p>Atul Auto is a leading company in the Three-Wheeler \/ EV space with a market capitalisation of Rs 1,150 Cr. The stock trades at approximately 22x trailing P\/E and has a 52-week range spanning from Rs 270 to Rs 490. The current price of Rs 398 reflects +35% appreciation 5 weeks, putting the stock significantly above its recent lows.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Is_Atul_Auto_Share_Price_Rising_The_Surge_Explained\"><\/span><strong>Why Is Atul Auto Share Price Rising? The Surge Explained<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-1024x536.jpeg\" alt=\"Atul Auto Share Price Target\" class=\"wp-image-69387\" style=\"width:423px;height:auto\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-1024x536.jpeg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-300x157.jpeg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-768x402.jpeg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-900x471.jpeg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-600x314.jpeg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-150x79.jpeg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519.jpeg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Atul Auto share price data \u2014 surge, CMP, 12M target, sector | univest.in<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a>.<\/p><p>Atul Auto&#8217;s Q3 FY26 PAT of Rs 18 crore represents an 80% YoY improvement on the back of 32% revenue growth to Rs 248 crore. The company launched its first electric three-wheeler \u2014 the Atul Elite EV \u2014 in Q3 FY26, and early order data suggests significantly stronger-than-expected demand from last-mile delivery companies and e-commerce operators. Three-wheeler EV adoption in India is accelerating faster than passenger EV adoption due to economics (lower total cost of ownership on CNG vs EV basis).<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Performance_%E2%80%94_What_the_Numbers_Say\"><\/span><strong>Financial Performance \u2014 What the Numbers Say<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The underlying financials confirm that the Atul Auto share price surge is not just momentum \u2014 it is backed by improving fundamental performance.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Latest Quarter<\/strong><\/td><td><strong>Change<\/strong><\/td><td><strong>What It Signals<\/strong><\/td><\/tr><tr><td>Revenue<\/td><td>Rs 248 Cr<\/td><td>+32% YoY<\/td><td>Top-line growth confirmation<\/td><\/tr><tr><td>Net Profit (PAT)<\/td><td>Rs 18 Cr<\/td><td>+80% YoY<\/td><td>Earnings acceleration<\/td><\/tr><tr><td>Market Cap<\/td><td>Rs 1,150 Cr<\/td><td>Current<\/td><td>Valuation context<\/td><\/tr><tr><td>Promoter Holding<\/td><td>54.7%<\/td><td>\u2014<\/td><td>Management confidence<\/td><\/tr><tr><td>FII Holding<\/td><td>2.4%<\/td><td>\u2014<\/td><td>Institutional interest<\/td><\/tr><\/tbody><\/table><\/figure><p>For live Atul Auto fundamental data and peer comparison, check the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Catalysts_That_Could_Drive_Atul_Auto_Share_Price_Higher\"><\/span><strong>Key Catalysts That Could Drive Atul Auto Share Price Higher<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>\u2022 <\/strong>Electric three-wheeler launch with superior economics vs CNG for last-mile delivery<\/p><p><strong>\u2022 <\/strong>Last-mile delivery boom driven by e-commerce, grocery, and pharma logistics<\/p><p><strong>\u2022 <\/strong>PM e-DRIVE subsidy for electric three-wheelers (Rs 10,900 per vehicle incentive)<\/p><p><strong>\u2022 <\/strong>Financing partnership with NBFC partners making EV accessible to owner-operators<\/p><p><strong>\u2022 <\/strong>Export potential to Southeast Asia and Africa in the 3-wheeler segment<\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> for real-time alerts on Atul Auto and daily SEBI-registered research.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risks_to_Watch_Before_Chasing_the_Rally\"><\/span><strong>Risks to Watch Before Chasing the Rally<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>\u2022 <\/strong>Small market cap (Rs 1,150 Cr) \u2014 prone to sharp corrections on thin volumes<\/p><p><strong>\u2022 <\/strong>EV transition disrupts existing CNG 3-wheeler product line<\/p><p><strong>\u2022 <\/strong>Bajaj Auto, TVS, and Piaggio competing with stronger balance sheets<\/p><p><strong>\u2022 <\/strong>EV range anxiety for rural operators still a concern<\/p><p>Not every surge is sustainable. Investors should carefully evaluate each of these risks relative to their own risk tolerance and investment horizon before making any decision. Consult a SEBI-registered financial advisor.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Setup_%E2%80%94_Is_the_Rally_Sustainable\"><\/span><strong>Technical Setup \u2014 Is the Rally Sustainable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Atul Auto is trading at Rs 398, which puts the stock +35% above its recent low of Rs 270 and 19% below its 52-week high of Rs 490. The stock has reclaimed key moving averages and technical momentum indicators (RSI, MACD) are supportive in the short to medium term. Key resistance is at the 52-week high of Rs 490. Short-term support is at Rs 380.<\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Subscribe to Univest Pro for live technical analysis and SEBI-registered F&amp;O setups<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Institutional_Positioning_and_Market_Sentiment\"><\/span><strong>Institutional Positioning and Market Sentiment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Atul Auto&#8217;s shareholding reflects: Promoter 54.7%, FII 2.4%, DII 6.4%. FII ownership is moderate, meaning the stock is less sensitive to global risk-off selling than FII-heavy peers. The promoter holding above 50% indicates strong founder confidence in the business.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_Outlook_%E2%80%94_Can_Atul_Auto_Sustain_the_Rally\"><\/span><strong>Future Outlook \u2014 Can Atul Auto Sustain the Rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Atul Auto&#8217;s EV transition is genuinely exciting for a company of this size. At 22x P\/E on a cyclically recovering earnings base, the stock is not expensive. The 12-month target of Rs 480\u2013560 implies 21-41% upside. The EV three-wheeler opportunity could re-rate this company significantly if execution delivers.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Atul_Auto_Share_Price_Target_2026\"><\/span><strong>Atul Auto Share Price Target 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong>Subscribe to Univest Pro for Premium Stock Research and Targets<\/strong><\/a>.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Short-Term_Target_3-6_Months\"><\/span><strong>Short-Term Target (3-6 Months)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>In the short term, Atul Auto share price target is Rs 380\u2013440 based on current technical positioning and the immediate momentum from the +35% 5 weeks surge. Support at Rs 380 must hold for the bullish case to remain intact.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12-Month_Analyst_Consensus_Target\"><\/span><strong>12-Month Analyst Consensus Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The analyst consensus 12-month Atul Auto share price target is Rs 480\u2013560, implying meaningful upside from the current price of Rs 398. This target assumes the catalysts identified in this article materialise and the macro environment remains broadly supportive.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-Term_Target_FY27-FY28\"><\/span><strong>Long-Term Target (FY27-FY28)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>In a bull scenario where key catalysts deliver, the Atul Auto share price target for FY28 is Rs 650\u2013800. This long-term target represents a scenario where the company executes consistently and the sectoral tailwinds accelerate beyond current consensus expectations.<\/p><p>Track Atul Auto live and compare with sector peers on the <a href=\"https:\/\/univest.in\/screeners\"><strong>Univest Screener<\/strong><\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Atul Auto&#8217;s +35% surge 5 weeks is backed by improving fundamentals \u2014 revenue growth of +32% YoY and PAT growth of +80% YoY in the latest quarter. The 12-month analyst consensus target of Rs 480\u2013560 implies significant further upside from the current price of Rs 398. The key catalysts and risks outlined in this article are the variables that will determine whether the rally extends or corrects. Investors should evaluate both carefully before making any position decision.<\/p><p>This article is for informational purposes only. Please conduct your own research and consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_Why_did_Atul_Auto_surge_35_in_5_weeks\"><\/span><strong>Q1. Why did Atul Auto surge 35% in 5 weeks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Atul Auto&#8217;s 35% surge was driven by Q3 FY26 PAT growing 80% YoY, the launch of the Atul Elite EV three-wheeler with strong early order momentum, and PM e-DRIVE subsidy making EVs more affordable.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_What_is_Atul_Autos_share_price_target_2026\"><\/span><strong>Q2. What is Atul Auto&#8217;s share price target 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Analyst consensus 12-month target is Rs 480\u2013560. Short-term is Rs 380\u2013440. Long-term bull case is Rs 650\u2013800 for FY28.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_What_does_Atul_Auto_make\"><\/span><strong>Q3. What does Atul Auto make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Atul Auto makes three-wheelers (passenger and cargo) under the Atul, Atul SMART, and Atul RIK brand names. The company is launching electric three-wheelers under the Atul Elite EV brand.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_What_is_the_PM_e-DRIVE_subsidy\"><\/span><strong>Q4. What is the PM e-DRIVE subsidy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>PM e-DRIVE is a government scheme providing financial incentives for electric vehicle adoption. For electric three-wheelers, the subsidy is Rs 10,900 per vehicle, significantly improving the economics for buyers.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_is_Atul_Autos_market_cap\"><\/span><strong>Q5. What is Atul Auto&#8217;s market cap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Atul Auto&#8217;s market cap is approximately Rs 1,150 crore \u2014 a small-cap company. The stock is at Rs 398 with a 52-week range of Rs 270 to Rs 490. Small-cap stocks carry higher liquidity and volatility risk.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/tcs-share-price-target\">TCS Share Price Target 2026 \u2014 Key Factors, Financial Performance &amp; Analyst Forecast<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/nestle-india-share-price-target\">Nestle India Share Price Target 2026 \u2014 Key Factors, Financial Performance &amp; Analyst Forecast<\/a><\/p><p><a href=\"http:\/\/univest.in\/blogs\/state-bank-of-india-share-price-target\">State Bank of India Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/hindustan-unilever-share-price-target\">Hindustan Unilever Share Price Target 2026 \u2014 Key Factors, Financial Performance &amp; Analyst Forecast<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Atul Auto has exploded 35% in five weeks, and this Rajkot-based three-wheeler manufacturer is the kind of small-cap stock that retail investors in India live for \u2014 a genuine business transformation story in a sector on the cusp of an EV revolution. This article covers every key reason behind Atul Auto&#8217;s recent surge, what the<\/p>\n","protected":false},"author":27,"featured_media":69389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802],"class_list":["post-69386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"metadata":{"_edit_lock":["1775803938:27"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:62:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-519.jpeg\";a:2:{s:2:\"id\";i:69387;s:11:\"source_type\";s:13:\"media-library\";}s:71:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-519-1024x536.jpeg\";a:2:{s:2:\"id\";i:69387;s:11:\"source_type\";s:13:\"media-library\";}s:94:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519.jpeg\";a:2:{s:2:\"id\";i:69387;s:11:\"source_type\";s:13:\"media-library\";}s:103:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/10121901\/image-519-1024x536.jpeg\";a:2:{s:2:\"id\";i:69387;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["842"],"rank_math_seo_score":["81"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Atul Auto Share Price Target 2026: Up 35% in 5 Weeks \u2014 Small-Cap EV Bet Worth Taking?"],"rank_math_description":["Atul Auto surged 35% in 5 weeks. 32% revenue growth, EV three-wheeler launch, PAT +80% YoY. 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