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    HomeNewsBusinessStocksAtlas Cycle zooms 32% post hike in customs duty on bicycles

    Atlas Cycle zooms 32% post hike in customs duty on bicycles

    In Budget 2012-2013 the government has increased basic customs duty on bicycles from 10% to 30% and on bicycle parts from 10% to 20%.

    March 19, 2012 / 15:35 IST
       
       
      26 Aug, 2025 12:21
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      In Budget 2012-2013 the government has increased basic customs duty on bicycles from 10% to 30% and on bicycle parts from 10% to 20%.

      Atlas Cycle Industries touched an intraday high of Rs 466.60 and an intraday low of Rs 397.15. At 15:27 hrs the share was quoting at Rs 428.90, up Rs 34.65, or 8.79%.
       
      It was trading with volumes of 1,457,561 shares, compared to its 5-day average of 120,381 shares, an increase of 1,110.79%.
       
      In the previous trading session, the share closed up 20% or Rs 65.70 at Rs 394.25.

      first published: Mar 19, 2012 03:29 pm

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