Popular Vehicles & Services jumps as its arm inks pact with Balkrishna Industries
Popular Vehicles & Services is currently trading at Rs. 117.00, up by 2.75 points or 2.41% from its previous closing of Rs. 114.25 on the BSE.
The scrip opened at Rs. 117.90 and has touched a high and low of Rs. 119.50 and Rs. 116.20 respectively. So far 703 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 163.05 on 16-Oct-2025 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. 119.80 and Rs. 101.90 respectively. The current market cap of the company is Rs. 833.02 crore.
The promoters holding in the company stood at 61.18%, while Institutions and Non-Institutions held 20.65% and 18.18% respectively.
Popular Vehicles & Services’ wholly owned subsidiary -- Popular Auto Dealers has entered into an agreement to be the authorized distributor for Balkrishna Industries (BKT) in the states of Kerala and Karnataka. The distributorship covers BKT’s 2-wheeler and PCR segment, which forms part of their new & upcoming product verticals.
This marks the commencement of a new relationship with BKT, a globally renowned tyre manufacturer. Under this association, the company will be the exclusive distributor of BKT’s 2- wheeler and PCR segment across the state of Kerala & select regions of Karnataka, including Bangalore, Hassan, Mysore, Bangalore Rural, Kodagu, Ramanagara, Chamarajanagar, Kolar, Tumkur, Chikkaballapura and Mandya.
Popular Auto Dealers already has a strong presence in Kerala and Karnataka through its spare parts distribution business, catering to products of major OEMs such as Maruti Suzuki, Tata Motors and Ashok Leyland. The addition of BKT’s 2-wheeler and PCR segment portfolio will be an important and valuable extension to its existing operations.
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.
