Stock Report

Landmark Cars drives forward its position in Hyderabad with M&M dealership

Posted On : 2024-04-21 18:39:47( TIMEZONE : IST )

Landmark Cars drives forward its position in Hyderabad with M&M dealership

Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail businesses in India, has widened its array of offerings in Hyderabad with Mahindra & Mahindra. The Company has signed a Letter of Intent with Mahindra & Mahindra for opening three showrooms and four workshops in Hyderabad. These outlets will be established in one of the wholly owned subsidiaries of Landmark Cars, namely, Landmark Mobility Private Ltd. Landmark Cars, already has three Mahindra & Mahindra outlets in West Bengal.

This strategic initiative underscores Landmark's commitment to solidifying its presence in the vibrant Hyderabad market. Mahindra & Mahindra will be the third dealership for Landmark Cars in Hyderabad, after Mercedes-Benz and Kia.

This is in line with the Company's strategy of horizontal expansion with fast-growing, premium brands and vertical expansion by going deep into an identified geography.

Over the years, Landmark has built a solid reputation as a preferred choice for OEMs.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 768.20 as compared to the previous close of Rs. 763.95. The total number of shares traded during the day was 4345 in over 374 trades.

The stock hit an intraday high of Rs. 780.95 and intraday low of 749.95. The net turnover during the day was Rs. 3320101.00.

Source : Equity Bulls


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