Hindustan Motors is currently trading at Rs. 8.30, up by 0.28 points or 3.49 % from its previous closing of Rs. 8.02 on the BSE.
The scrip opened at Rs. 8.15 and has touched a high and low of Rs. 8.57 and Rs. 8.15 respectively. So far 166956 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. 8.95 and Rs. 8.00 respectively. The current market cap of the company is Rs. 156.13 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 (HM), a C K Birla Group firm, is reportedly planning to sell its Chennai plant to raise minimum of Rs 150 crore. This decision was taken to bring in fresh funds to cut losses and improve performance of its other plants at West Bengal and Madhya Pradesh. The company sought members' approval for the same by a special resolution by way of postal ballot. The ballot will remain open till February 1, 2013.
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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