Landmark Cars hits new high after weak debut; surges 17% in two days

With last two days' gains, Landmark Cars is now trading 15% higher against its issue price of Rs 506 per share. It has and bounced 34% from its low of Rs 433.20 touched on December 26

Shares of Landmark Cars rallied 10 per cent to hit their highest level of Rs 581.65 since listing on the BSE in Friday’s intra-day trade. The stock of the auto dealer has surged 17 per cent in the past two trading days.

At 11:42 AM: Landmark Cars was trading 8.5 per cent higher at Rs 575. In comparison, the S&P BSE Sensex was down 0.46 per cent at 60,078. The average trading volumes on the counter nearly doubled with a combined 1.07 million shares having changed hands on the NSE and BSE.

With the rally in the last