Landmark Cars adds MG cars to its repertoire

Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail businesses in India, has received a Letter of Intent from MG Motor India Pvt Ltd for opening dealerships in Indore and Bhopal, in the State of Madhya Pradesh. This dealership will be established in one of the wholly owned subsidiaries of Landmark Cars. This business will include Sales and After Sales of MG Cars.

With this, Landmark Cars will be adding a new premium segment car dealership in its repertoire.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 711.90 as compared to the previous close of Rs. 699.80. The total number of shares traded during the day was 22462 in over 2617 trades.

The stock hit an intraday high of Rs. 731.00 and intraday low of 680.70. The net turnover during the day was Rs. 15931017.00.

Source : Equity Bulls

Keywords

LandmarkCars INE559R01029 AutoDealer MGCars MGMotorIndia Dealerships MadhyaPradesh