Popular Vehicles gains as its arm gets LoI to establish eight 3S facilities for BharatBenz in Punjab
Popular Vehicles & Services is currently trading at Rs. 121.95, up by 1.15 points or 0.95% from its previous closing of Rs. 120.80 on the BSE.
The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 125.00 and Rs. 120.65 respectively. So far 1418 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 264.40 on 20-Jun-2024 and a 52 week low of Rs. 87.28 on 21-Apr-2025.
Last one week high and low of the scrip stood at Rs. 125.00 and Rs. 116.75 respectively. The current market cap of the company is Rs. 868.26 crore.
The promoters holding in the company stood at 61.18%, while Institutions and Non-Institutions held 24.39% and 14.43% respectively.
Popular Vehicles & Services’ 100% step down subsidiary -- Prabal Motors has received a Letter of Intent (LoI) to establish eight state-of-the-art 3S facilities (Sales, Service and Spare Parts) for BharatBenz in the state of Punjab.
This development marks its entry into the Punjab market, where it will operate as the exclusive BharatBenz dealer across the entire state. It represents a significant step in expanding its footprint in Northern India, building on its strong foothold in Maharashtra and Tamil Nadu, & further strengthening its partnership with the BharatBenz brand.
Strategically spread across eight locations, these integrated facilities house a showroom, body shop, spare parts distribution & pre-owned car operations under one roof. With a total of 32 service bays, the facilities represent a cumulative investment of around Rs 13 crore.
Popular Vehicles & Services is engaged in the business of automobile dealerships in India. It provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.
