Karvy Stock Broking has maintained 'buy' rating on Atlas Cycle (Haryana) Ltd stock to achieve a target that lies between Rs 292-295.

According to Karvy, the interested investors can buy the stock with a strict stop loss of Rs 277.

Karvy added that the said target can be achieved in 3-5 trading sessions.

The stock of the company, on Oct 06, closed at Rs 278.98 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 306.70 and a low of Rs 163.95 on BSE.

Current EPS & P/E ratio stood at 9.85 and 28.46 respectively.

For the three month period ended June 30, 2010, Atlas Cycle Industries has registered a sales turnover of Rs 171.58 crore.

During the same period, the company's net profit stood at Rs 0.75 crore.

Atlas Cycles (Haryana) Ltd is an India-based company bicycle and steel tube maker.

Atlas Cycles makes mountain bikes, all terrain bikes/mountain bikes (ATBs/MTBs), roadsters, city bikes, children bikes and ladies bikes.

The various wholly owned divisions of the company includes Atlas Cycles (Sahibabad) Ltd, Atlas Cycles (Sonepat) Ltd and Atlas Cycles (Malanpur) Ltd.