Landmark Cars share price

Landmark Cars soars up to 13% in the today’s trading session

Share This:

Landmark Cars close at INR 809.25 at the exchange today which is 11.74% from the previous close. It made an insane high of 863.30 today which was the day’s high.

The fundamental reason behind this is a signed dealership agreement between Landmark Cars and Mahindra & Mahindra.

The company said in its release that they have signed a letter of intent with Mahindra & Mahindra for opening a dealership in Howrah, West Bengal.

The dealership will be established in the wholly owned subsidiary of the company Landmark Mobility.

According to a report, this will include sales and after sales of Mahindra’s Personal, Pickup and Supro range of vehicles in the areas of Howrah, Hooghly, Kolkata.

Landmark Mobility is a private company which is completely owned by Landmark Cars according to the press release.

Landmark Cars was listed last year in December 2022. They had raised Rs 552 crore via IPO. The stock has risen 43 percent from the issue price of Rs 506.

One should know that the company is in a premium automotive retail business. It has dealerships of Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, MG and Renault.

On the 1 month chart of the Landmark Cars, it made a long wick of Bullish candlestick.

It means that the sellers were dominant on the high side of the prices, But the stock sustained the selling and managed to close in green.

Where the stock will go on Monday, I cannot tell. You do your analysis before investing and trading.



The content of this website are all our own opinions and views.

All opinions expressed by this website are solely its opinions.

You should not treat any opinion expressed on this website as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion.

You must make an independent decision regarding investments or strategies. Before acting on any information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

About the author

Saifullah Khan

Hi there, I am the author of, read more about me here.

View all posts