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Hindustan Motors is currently trading at Rs. 8.62, up by 0.60 points or 7.48% from its previous closing of Rs. 8.02 on the BSE.
The scrip opened at Rs. 8.10 and has touched a high and low of Rs. 8.90 and Rs. 7.85 respectively. So far 14, 20,000 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. 8.40 and Rs. 7.00 respectively. The current market cap of the company is Rs. 160 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 has received an approval for entering into a working arrangement with Hindustan Motor Finance Corporation (HMFCL), subject to necessary approvals, if any, whereby HMFCL will be entitled to use and operate Chennai Car Plant of the company at Adigathur, Kadambathur in the state of Tamil Nadu and to use its infrastructural facilities thereat. The board of directors at its meeting held on December 26, 2013 has approved for the same.
The board also approved for divesting of the whole or substantially the whole or part of Chennai Car Plant of the company which is engaged in the business of manufacture and trading of passenger vehicles like Cedia, Pajero, Pajero sport, Montero and Outlander brands of passenger Cars and spare parts of the same in technical collaboration with Mitsubishi Motors Corporation, Japan and also engaged in contract manufacturing of vehicles for Isuzu Motors India Private as a going concern, subject to necessary approvals and consents of the shareholders, lenders, authorities and other concerned parties, in such manner and on such terms and conditions as may be mutually agreed between the company and any interested party.
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.
| Company Name | CMP |
|---|---|
| Maruti Suzuki | 12806.45 |
| Mahindra & Mahindra | 2156.30 |
| Mercury Metals | 78.32 |
| Hindustan Motors | 34.72 |
| Suzuki (India) | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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