Share Market Update: The trend of decline in the Indian stock market is showing no sign of stopping. On Monday, the market started trading with a huge fall. While on one hand BSE Sensex opened today at 76,629.90 points, on the other hand NSE Nifty 50 also opened with a huge fall at 23,195.40 points. But, with the decline, further decline was yet to be seen in the open market. As a result, Sensex fell to 76,535.24 points and Nifty also fell to 23,172.70 points. However, amidst this ongoing devastation in the market, the shares of many companies are seeing a strong rise.
Strong rise in shares of Atlas Cycle (Haryana) continues
Shares of bicycle manufacturing giant Atlas Cycles (Haryana) started trading on the upper circuit today. The company’s shares, which closed at Rs 112.78 last week, opened today at Rs 124.05 with an upper circuit of 9.99 percent. Along with this, this price also became its new 52 week high. 52 week low of Atlas Cycles (Haryana) shares is Rs 62.99. After today’s rise, there has been a good jump in the market cap of this small cap company. According to BSE data, the current market cap of the company is Rs 80.63 crore.
Share price rose 78.67 percent in last 2 weeks
There has been a tremendous rise in the shares of the company for the last 2 weeks. Atlas Cycle (Haryana) shares have seen a rise of 40.04 percent in the last one week, 78.67 percent in the last 2 weeks and 62.07 percent since January 1. Let us tell you that the company had said in an exchange filing on January 8 that a board meeting is going to be held on January 17, in which the results of the third quarter (October-December 2024) of the current financial year 2024-25 will be declared.
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