Successful arbitrage operation in Atul Auto Ltd – ~250%
Dear Readers, On 10th Oct’11, we had covered the Risk arbitrage operation in Atul Auto Ltd. We recently closed the same with ~250% pre-tax return in a matter of just 2 months. While we were expecting the stock to go down to Rs 80/- per share (considering the market condition and the equity dilution), the stock didn’t correct much and gave ample opportunity, recently, to all the Right issue subscribers to book profit around Rs 110/- per share against the…