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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

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SI Reporter Mumbai
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