Hindustan Motors is currently trading at Rs. 8.47, up by 0.82 points or 10.72% from its previous closing of Rs. 7.65 on the BSE.
The scrip opened at Rs. 8.31 and has touched a high and low of Rs. 9.00 and Rs. 8.31 respectively. So far 2, 03,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 13.98 on 29-Jun-2012 and a 52 week low of Rs. 7.48 on 28-Jun-2013.
Last one week high and low of the scrip stood at Rs. 8.74 and Rs. 7.48 respectively. The current market cap of the company is Rs. 156 crore.
The promoters holding in the company stood at 36.52%, while Institutions and Non-Institutions held 5.36% and 58.12% respectively.
Hindustan Motors (HML) has signed an agreement with Isuzu Motors India for contract manufacturing of Isuzu SUVs and pickup trucks in India. The components for producing these vehicles will be imported by Isuzu Motors from Thailand and assembled in HML’s factory at Thiruvallur, near Chennai, Tamil Nadu. The Thiruvallur facility is one of the best automotive manufacturing facilities in India, and can meet the high quality standards of Isuzu Motors.
Isuzu Motors India is a subsidiary of Isuzu Motors, Japan. Known globally for its expertise in diesel engines and for the manufacture of tough and durable vehicles, Isuzu Motors will supply the MU7 sports utility vehicle and the DMAX pickup truck in India.
Hindustan Motors is 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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