Landmark Cars rises on incorporating Wholly Owned Subsidiary
Landmark Cars is currently trading at Rs. 809.55, up by 12.10 points or 1.52% from its previous closing of Rs. 797.45 on the BSE.
The scrip opened at Rs. 813.40 and has touched a high and low of Rs. 813.40 and Rs. 801.05 respectively.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 901.95 on 07-Feb-2024 and a 52 week low of Rs. 545.10 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 840.00 and Rs. 777.85 respectively. The current market cap of the company is Rs. 3295.61 crore.
The promoters holding in the company stood at 51.82%, while Institutions and Non-Institutions held 23.59% and 24.59% respectively.
Landmark Cars has incorporated of a Wholly Owned Subsidiary Company namely ‘Landmark Premium Cars (LPCPL). The Certificate of Incorporation has been received from the Ministry of Corporate Affairs. LPCPL intends to carry on the business of sales, after sales and allied business.
Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault.