Hindustan Motors is currently trading at Rs. 12.00, up by 1.00 points or 9.09% from its previous closing of Rs. 11.00 on the BSE.
The scrip opened at Rs. 12.80 and has touched a high and low of Rs. 12.80 and Rs. 11.86 respectively. So far 22,59,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 12.80 on 13-Feb-2017 and a 52 week low of Rs. 4.51 on 24-Jun-2016.
Last one week high and low of the scrip stood at Rs. 12.80 and Rs. 10.10 respectively. The current market cap of the company is Rs. 250.39 crore.
The promoters holding in the company stood at 32.34%, while Institutions and Non-Institutions held 5.68% and 61.98% respectively.
Hindustan Motors has executed an agreement with Peugeot S.A. on February 10, 2017 for the sale of the Ambassador brand (including the trademarks having application numbers 2803570, 2803571 and 2821821) and certain related rights (Ambassador Brand) by the company to Peugeot S.A for a consideration of Rs 80 crore.
The sale of the Ambassador Brand shall be effective upon fulfillment of the terms & conditions as prescribed in the said abovementioned agreement.
Hindustan Motors is engaged in the manufacture and sale of vehicles, spare parts of vehicles, steel products and components. The company is also engaged in trading of spare parts of vehicles.