Landmark Cars rises on securing LoI from JSW Motors
Landmark Cars is currently trading at Rs. 429.20, up by 4.10 points or 0.96% from its previous closing of Rs. 425.10 on the BSE.
The scrip opened at Rs. 427.20 and has touched a high and low of Rs. 436.05 and Rs. 420.75 respectively. So far 2029 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 643.70 on 29-Oct-2025 and a 52 week low of Rs. 340.15 on 12-Mar-2026.
Last one week high and low of the scrip stood at Rs. 473.15 and Rs. 406.05 respectively. The current market cap of the company is Rs. 1785.27 crore.
The promoters holding in the company stood at 49.93%, while Institutions and Non-Institutions held 23.46% and 26.62% respectively.
Landmark Cars has received letters of intent (LoI) from JSW Motors to open new JSW cars dealerships in Ahmedabad and Bhopal. This dealership will be established in one of the wholly owned subsidiaries of Landmark Cars.
JSW Group is entering India’s passenger vehicle market through JSW Motors as an independent automotive brand, distinct from JSW MG Motor India. JSW Motors is setting up a new manufacturing plant at Chhatrapati Sambhajinagar (erstwhile Aurangabad) for new energy vehicles. The Sale of vehicles is expected from the next financial quarter.
Landmark plans to open 5 new outlets across Ahmedabad and Bhopal, with 2 showrooms and 1 workshop in South Ahmedabad, and 1 showroom and 1 workshop in Bhopal. The goal is to expand OEM partnerships and deepen presence in existing markets, thereby enhancing network productivity and competitive positioning.
