Shares of Landmark Cars Limited rose up to 19 percent in the stock market on Friday. The main reason for the rise in the company’s shares is the agreement with Mahindra. After the news of this agreement, the shares of the company started running like a storm. Landmark Cars Limited IPO in December 2022 (IPO News)
What information has the company provided?
An MoU has been signed between Mahindra and Landmark Cars Ltd. According to this agreement, a dealership is to be opened in the city of Howrah, West Bengal. Through this dealership, the company is to handle sales, pickup etc. in Howrah, Hooghly, Kolkata, North 24 Parganas and South 24 Parganas.
How is the company performing in the stock market?
Shares of the company rose 11.83 percent on the BSE on Friday to Rs. closed at 810.95. If we look at the data till September 7, 2023, the company has returned up to 74 percent to positional investors. Let us tell you that the 52-week highest price of Landmark Cars is Rs 3262 crore.