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Hindustan Motors spurts despite reporting dull July production numbers

02 Aug 2013 Evaluate

Hindustan Motors is currently trading at Rs 6.55, up by 0.21 points or 3.31% from its previous closing of Rs 6.34 on the BSE.

The scrip opened at Rs 6.68 and has touched a high and low of Rs 7.24 and Rs 6.16 respectively. So far 146882 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 13.19 on 08-Jan-2013 and a 52 week low of Rs 6.25 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs 7.37 and Rs 6.25 respectively. The current market cap of the company is Rs 121.03 crore.

The promoters holding in the company stood at 36.52% while Institutions and Non-Institutions held 5.45% and 58.03% respectively.

Hindustan Motors (HM) has reported a dull performance in production of passenger vehicles for the month of July 2013 at 365 units compared to 429 units in the same month of the last year. In the Light Commercial Vehicles, the company has reported production of 26 units in July 2013.

On domestic sales front, the company sold 298 units in the month of July 2013 as compared to 485 units sold in July 2012, while the company sold 35 units in Light Commercial Vehicle space compared to 9 units sold in July 2012.

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.

Hindustan Motors Share Price

17.12 0.13 (0.77%)
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