BRIEF-Atlas Cycles Haryana Says Chander Mohan Dhall Re-Appointed As CFO

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BRIEF-Atlas Cycles Haryana Update On Financial Results For Sept-Qtr - Investing.com India

It was the last operational plant of the Atlas Cycles with a monthly production of over two lakh bicycles

Atlas Cycles closes operations at last manufacturing unit near Delhi

Atlas Cycles, one of the country’s oldest cycle brands, recently shut its last manufacturing unit.

Hero Cycles may ride in to scoop up Atlas, the shuttered iconic cycle maker

The company shut the factory on June 3, which ironically was also the World Bicycle Day

Atlas Cycles shuts manufacturing unit in Sahibabad amid lack of funds

The company shut the factory on June 3, which ironically was also the World Bicycle Day. It laid off 431 remaining employees, though Rana insists they continue to be on the roll of the company and will be paid “lay-off wages” upon marking attendance daily.

Atlas Cycles shuts operations at last manufacturing unit

CEO N P Singh Rana said the shutdown is only temporary and the company will resume operations once it is able to raise about Rs 50 crore by selling surplus land.

Union threatens protests if Atlas Cycles doesn’t reopen soon

Atlas Cycles shut the Sahibabad factory, its last manufacturing unit in the country, on June 3.

Atlas Cycles shuts operations at last manufacturing unit

Workers allege that they were not given prior notice; has written to Labour Commissioner

Atlas Cycles lays off nearly 700 employees

Its CEO N P Singh Rana, however, insists the shutdown is only temporary, and the company will resume operations once it is able to raise around Rs 50 crore by selling surplus land.

Atlas Cycles Shuts Operations At Last Manufacturing Unit

Atlas Cycles put up a notice at the factory gate stating that they do not have enough funds to continue operations and hence have to shut down the factory

Atlas Cycle shuts Ghaziabad factory, lays off 700 people

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Atlas Cycles Haryana Limited is a company, engaged in bicycle manufacturing. The company is engaged in manufacturing of bicycles and its components and steel tubes with units at Sonepat, Sahibabad, Malanpur, Bawal and Rasoi.