Landmark Cars surges on executing agreement for sale, after sale business of Citroen cars
Landmark Cars is currently trading at Rs. 481.00, up by 2.70 points or 0.56% from its previous closing of Rs. 478.30 on the BSE.
The scrip opened at Rs. 478.05 and has touched a high and low of Rs. 481.00 and Rs. 471.00 respectively. So far 1077 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 840.00 on 08-Apr-2024 and a 52 week low of Rs. 458.00 on 12-Feb-2025.
Last one week high and low of the scrip stood at Rs. 537.05 and Rs. 458.00 respectively. The current market cap of the company is Rs. 1970.08 crore.
The promoters holding in the company stood at 51.57%, while Institutions and Non-Institutions held 24.51% and 23.92% respectively.
Landmark Cars has executed a bespoke Dealership agreement with PCA Automobiles India (Stellantis Group Company) for sale and after sale business of Citroen car brand from Landmark’s existing Jeep facilities in Mumbai region with no additional investment. This dealership will be a part of M/s Landmark Lifestyle Cars, a wholly owned subsidiary company of Landmark Cars. Citroen will be the 11th brand for Group Landmark, which is known for other brands like Mercedes-Benz, BYD, Kia, Honda, etc.
Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault.
