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Sunday Jan 29, 2023

Landmark cars hits new high after weak debut surges 17 percent in two days IPO launch in Dec – Business News India


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On December 23 last year, the IPO of Landmark Cars, a vehicle dealership, had a weak listing in the stock market. However, the stock has gained momentum within 10 trading days. This stock is climbing since last two days. The stock has given a return of up to 17 per cent in just two trading days.

What is the share price: Landmark Cars share price reached a level of Rs 581.65 on Friday, the last trading day of the week. This is the all time high level of the stock. However, profit booking was seen in the stock after noon. The stock of this company has gained 17 per cent in the last two trading days.

Flop listing happened: Landmark Cars stock had a weak opening on December 23. The company’s stock, which was listed down nearly seven per cent at its issue price of Rs 506, closed down nearly 10 per cent by the end of trading. Whereas, on December 26, the share price came down to a low of Rs 433.20. From this low, the stock has now jumped up to 34 per cent.

Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep and Renault. Landmark Cars also has a commercial vehicle dealership for Ashok Leyland in India.

SML Isuzu share hits upper circuit after robust monthly sales – Business News India


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Shares of commercial vehicle maker SML Isuzu Limited (SML Isuzu) remained on the upper circuit on Monday. The company’s shares closed at Rs 810.50 with an upper circuit of 20%. This rally in the shares of SML Isuzu has come due to the excellent sales performance. SML Isuzu’s passenger vehicle sales have more than doubled to 570 units in December 2022. Passenger vehicles sales in December 2021 were 218 units.

Sales of passenger vehicles increased by 372% in the first nine months
On an annual basis, the total sales of SML Isuzu increased by 37% to 959 units in December 2022. Total sales in December 2021 were 701 units. In December 2022, sales of cargo vehicles decreased by 19% to 389 units. Sales of cargo vehicles stood at 483 units in the same period a year ago. In the first nine months (April-December) of the financial year 2022-23, the company’s total sales increased by 82% year-on-year to 8,549 units. While the sales of passenger vehicles increased by 372% to 5,417 units.

Also read- Swiggy’s difficulty increased, company’s loss doubled, expenses also increased


Shares have given 3500% return since inception
SML Isuzu shares have given a return of 3500% since inception. The company’s shares were trading at Rs 22.51 on the Bombay Stock Exchange (BSE) on 14 July 1995. The company’s shares have closed at Rs.810.50 on BSE on January 2, 2023. The 52-week high level of the company’s shares is Rs 887.80. At the same time, the 52-week low level of SML Isuzu shares is Rs 470.90. The company’s shares have given investors a return of close to 38% in the last 6 months.

Also read- The share of the government company is now Rs 70, there may be a further increase of 100%

Disclaimer: Information provided here is only about stock performance and does not constitute investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.

Ashish Chug to buy 2 lakh share of Kapil Raj Finance share hits 5 percent upper circuit today – Business News India


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Veteran Delhi-based investor Ashish Chugh has bought 2,00,000 shares of Kapil Raj Finance Ltd in a bulk deal. He bought it on Tuesday at a price of ₹12 per share. After this, on Wednesday, the shares of Kapil Raj Finance Limited are at Rs 13.67 with an upper circuit of 5%.

Who is Ashish Chugh?
Ashish Chug is an Independent Investor. Known for making profits from the market, he started his career as an investor in 2000 after earning a degree in Electronics Engineering. Earlier, he had joined the family business after doing MBA. However, later left it and came to the stock market.

Also read- Company’s big deal and share at record high, IPO came this year, 160% return

about the company
Kapil Raj Finance Limited, a company in the year 1985, is. It is a small cap company operating in the financial services sector. The company’s stock has gained 10.06% in the last five trading days. This year so far this share is up 15.55%

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