Hindustan Motors is currently trading at Rs. 11.02, up by 0.47 points or 4.45% from its previous closing of Rs. 10.55 on the BSE.
The scrip opened at Rs. 10.90 and has touched a high and low of Rs. 11.34 and Rs. 10.75 respectively. So far 119686 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 23.35 on 08-Apr-2011 and a 52 week low of Rs. 7.58 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs. 11.70 and Rs. 10.51 respectively. The current market cap of the company is Rs. 191.83 crore.
The promoters holding in the company stood at 27.22% while Institutions and Non-Institutions held 6.19% and 66.59% respectively.
Hindustan Motors’ four promoter group firms have increased their stake in the company to 32.19% by picking up an additional 6.82% stake through preferential allotment.
Promoter group firms, Central India Industries, Amer Investments (Delhi), Bengal Rubber Co and Hindustan Discounting Co have together acquired 11.8 million shares of the company on March 12, 2012. The mode of acquisition is through preferential allotment.
Hindustan Motors (HML), India’s pioneering automobile manufacturing company manufactures passenger cars, Multi Utility Vehicles and RTV. It also manufactures passenger cars in the mid size premium segment (Mitsubishi Lancer, Lancer Select, and Lancer Cedia) and has brought the Sports Utility Vehicle (Mitsubishi Pajero) into the Indian market, in collaboration with Mitsubishi Motors of Japan.
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