Business Standard

Wednesday, December 25, 2024 | 01:04 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Landmark Cars surges 7%, hits new high on strong business update

The company said it witnessed a strong revenue growth, with multiple tailwinds in the form of rising income levels, new models launches by our partner OEM and changing lifestyle preferences

Big brands such as Mercedes, Hyundai among others are reaching out to customers directly via digital sales platforms, thereby eliminating the role of physical showrooms
Premium

SI Reporter Mumbai
Shares of Landmark Cars hit a new high of Rs 598.60, surging 7 per cent on the BSE in Wednesday's intra-day trade, after the company said it recorded a strong 41.29 per cent growth in total revenue from operations at Rs 3,384 crore for the nine months ended December 2022 (9MFY23). The company had made its stock market debut on December 23, 2022.

In the past one week, the stock has rallied 13 per cent, as compared to 1.5 per cent gain in the S&P BSE Sensex. Landmark Cars is now trading 18 per cent higher against its issue

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in