Hindustan Motors touches roof on entering into MoU to extend EV domain across border
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Hindustan Motors is locked its upper circuit limit at Rs. 18.40, up by 1.65 points or 9.85% from its previous closing of Rs. 16.75 on the BSE.
The scrip opened at Rs. 17.10 and has touched a high and low of Rs. 18.40 and Rs. 17.10 respectively. So far 534002 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 26.80 on 15-Jun-2022 and a 52 week low of Rs. 9.51 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 18.40 and Rs. 16.50 respectively. The current market cap of the company is Rs. 383.93 crore.
The promoters holding in the company stood at 32.34%, while Institutions and Non-Institutions held 3.14% and 64.52% respectively.
Hindustan Motors has entered into a Memorandum of Understanding (MOU) to extend the EV domain across the border to enhance the production of eco-friendly electric vehicle.
Earlier, Hindustan Motors and its European partner had completed due diligence for the proposed electric two-wheeler project. After the formation of JV, around six months is required to start a pilot run.
Hindustan Motors equipped itself with state-of-the-art facilities for the production of passenger cars, trucks and multi utility vehicles.
