Atlas Cycles surges on launching India’s first Titanium Bicycle

20 Feb 2018

Atlas Cycles (Haryana) is currently trading at Rs. 187.55, up by 3.55 points or 1.93% from its previous closing of Rs. 184.00 on the BSE.

The scrip opened at Rs. 191.00 and has touched a high and low of Rs. 192.00 and Rs. 182.60 respectively. So far 438 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 248.00 on 02-Nov-2017 and a 52 week low of Rs. 135.00 on 02-Jun-2017.

Last one week high and low of the scrip stood at Rs. 194.50 and Rs. 181.00 respectively. The current market cap of the company is Rs. 121.98 crore.

The promoters holding in the company stood at 43.64%, while Institutions and Non-Institutions held 0.03% and 56.33% respectively.

Atlas Cycles (Haryana) has launched India’s first Titanium Bicycle. The bike was launched at Auto Expo 2018 and was the center of attraction among the visitors and media.

This premium bike for professional bikers is priced at Rs 3 lakh. The bicycle has got Light weight Titanium frame (used in aircrafts), Dual Disc Brakes (Shimano), Shimano 30 Speed Gears, Alloy pedals, Maxxis tyre & tubes and Shimano hollow crank chainwheel.

Atlas Cycles (Haryana) is a manufacturer of bicycles. The company manufactures components of bicycles and steel tubes.


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