Atlas Cycle, Hercules Hoists spike 10-15% on large volumes

Atlas Cycle Industries shot up more than 15 percent amid large volumes on Thursday.

Trading volumes increased 29 times to 2,08,234 equity shares as against five-day average of 7,125 shares.

Meanwhile, the stock gained as much as 20 percent to touch an intraday high of Rs 306.05.

At 15:09 hours IST, the share was up 15.21 percent to Rs 293.85 on Bombay Stock Exchange.

The share touched its 52-week high Rs 454.70 and 52-week low Rs 235.00 on 21 September, 2012 and 28 March, 2013, respectively.
 
Market capitalisation of the company currently stands at Rs 95.56 crore.

Meanwhile, Hercules Hoists gained 10.83 percent to Rs 124.90. Trading volumes jumped 73.4 percent to 3,92,131 equity shares as against five-day average of 5,342 shares.