Hindustan Motors is currently trading at Rs. 8.73, up by 0.16 points or 1.87% from its previous closing of Rs. 8.57 on the BSE.
The scrip opened at Rs. 8.65 and has touched a high and low of Rs. 8.99 and Rs. 8.65 respectively. So far 41,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 13.19 on 08-Jan-2013 and a 52 week low of Rs. 6.04 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 9.35 and Rs. 7.41 respectively. The current market cap of the company is Rs. 161.00 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, a C K Birla group company, has formally launched its newly introduced BS IV-compliant vehicle Ambassador Encore in Kolkata priced at Rs 4.98 lakh. The West Bengal Transport Minister Madan Mitra launched the vehicle and hoped that it would raise the comfort level in the taxi segment. The overall bookings for BS-IV compliant ‘Ambassador Encore’ have crossed the 450 mark, but the company's target is to increase it to 2,000 units per month.
With the launch of ‘Ambassador Encore’, the sale of cars by HM has once again opened in 17 cities, where sale of BS-III cars had been banned since April 2010.
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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