‘Technical Price’ of a stock is not its intrinsic value; it is evaluated on the statistical data based on the market price, i.e. price at which it is traded at the different stock markets over a number of periods. The price that everybody is interested about of any stock is its technical price because that is close to the current market price where people are interested to trade in.
Although fundamental analysis of about a stock price is of utmost important but investors and traders of stock market do not rely too much on these financial statement on the health of a company.
Atlas Cycles (Sonepat) started its journey in 1951. Today it is one of the largest makers of cycles in the world. Atlas cycles are sold in more than 50 countries and were rewarded ISO 9001: 2000 certificate. The management dedicated this success to its committed work force.
Technical analysis works on mainly three assumptions:
(a) Everything can be traded in the market.
(b) Price follows a pattern.
(c) History repeats itself (mostly).
The end result of a fundamental analysis is the production of a value which an investor can compare with the current price of a security, if market price is less than the technical price–buy, otherwise, if it is more—sell.
Atlas Cycle Share Price
Market Price as on 7 June 2011: Rs 251.70, Price Earnings Ratio 19.30, Market capitalization 81.85, Pat Rs 3.81 crore.
The price was at 52 weeks High at Rs 306.70
It was 52 weeks low at Rs 190.10.
Hero Cycles Share Price
Hero Cycle started its journey with four Munjal brothers in 1956. By 1975, it became the major Indian bicycle manufacturer. In the year 1984, Hero cycle joined Honda Motors of Japan & Hero Honda Motor Limited was formed. In 1986 it entered the Guinness Books of World Records as the largest bicycle manufacturer in the world. Hero Honda became the world’ largest manufacturer of two-wheelers in 2004 with more than 48% market share in India.
The price as its shares were traded at BSE on 8.6.2011-
Open Price Rs 1762.50, High price Rs 1785.95, Low Price Rs 1740.00.
52 weeks High Rs 2074.60, 52 weeks low Rs 1377.95.
Hercules Cycles Share Price
The Murugappa group of Chennai is presently manufacturing ‘Hercules’ and BSA bicycle under the banner of TI cycles of India. They have a network of over 1500 & 10,000 direct and indirect dealers respectively. Their stocks are not regularly traded in stock exchange.
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