Meanwhile, the BSE Sensex was up 12.85 points, or 0.08% to 17,112.13.

On BSE, 4,615 shares were traded in the counter as against an average daily volume of 1.49 lakh shares in the past one quarter.

The stock hit a high of Rs 378.05 and a low of Rs 370 so far during the day. The stock hit a lifetime high of Rs 490 on 28 July 2011 and a 52-week low of Rs 190.10 on 9 December 2010.

The stock had outperformed the market over the past one month till 20 September 2011, surging 40.15% compared with the Sensex's return of 5.93%. The scrip had also outperformed the market in past one quarter, climbing 53.49% as against 2.33% decline in the Sensex.

The small-cap bicycle maker has an equity capital of Rs 3.25 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.20% based on the closing price of Rs 375.05 on Tuesday, 20 September 2011.

Atlas Cycles (Haryana)'s net profit rose 21.3% to Rs 0.91 crore on 5.9% increase in net sales to Rs 181.71 crore in Q1 June 2011 over Q1 June 2010.