{"id":115738,"date":"2023-12-18T15:35:00","date_gmt":"2023-12-18T10:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115738"},"modified":"2023-12-18T15:21:56","modified_gmt":"2023-12-18T09:51:56","slug":"small-cap-stock-jumps-7-after-company-forays-into-south-india-with-mercedes-benz","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-7-after-company-forays-into-south-india-with-mercedes-benz\/","title":{"rendered":"Small Cap stock jumps 7% after company forays into South India with Mercedes-Benz\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2746066408\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this auto-dealer company under the \u2018small-cap\u2019 category gained approximately 7 percent in Monday\u2019s trading session after the company announced a foray of business in South India. In the past six months, the company\u2019s stock has gained nearly 25 percent for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-219823377\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 3,468.77 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LANDMARK\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Landmark Cars Limited<\/a><\/strong> opened their trading session on Monday at Rs 828.05 and currently trades at Rs 845, gaining around 7 percent compared to the previous closing levels of Rs 793.10 apiece. The scrip hit its 52-week high today at Rs 874.50.\u00a0<\/p><p>Such bullish stock price behavior was witnessed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE) dated 16th December 2023, announced a foray into South India.&nbsp;<\/p><p>The auto dealer received approval from \u2018Mercedes-Benz India\u2019 for opening a workshop in Hyderabad, Telangana and the same will be established by the listed company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4151158632\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cIt is very exciting that Landmark is going to break ground in its tenth Indian state with this workshop. Further, this marks Landmark\u2019s foray into the Southern part of the country. This collaboration strengthens the partnership between two industry leaders, each known for their commitment to customer excellence.\u201d, <strong>commented Mr. Sanjay Thakker, Chairman &amp; Executive Director, Landmark Cars Limited<\/strong>.&nbsp;<\/p><p>Recently, the company also received a Letter of Intent (LoI) from \u2018MG Motor India Private Limited\u2019 for opening a dealership in Ahmedabad, Gujarat thereby strengthening its position in the state.&nbsp;<\/p><p>According to the latest financials available, the company, during the recent quarters, reported an increase in the prime business indicators such as operating revenues and net profits.&nbsp;<\/p><p>The former rose from Rs 693 crores during Q1FY23-24 to Rs 770 crores during Q2FY23-24, and, the latter, in congruence with the pattern, nearly tripled from Rs 7 crores to Rs 20 crores.&nbsp;<\/p><p>As per the recent presentations of the company, the share of sales from Jeep Mercedes-Benz comprises 24.20 percent and 16.40 percent of the total sales of the company respectively.&nbsp;<\/p><p>Landmark Cars Limited is an India-based company that has a presence across the automotive retail value chain including the sale of new vehicles, after-sales service, repairs, etc. Generating entire revenue from domestic operations within India, the company\u2019s sole operating segment pertains to dealerships of cars.<\/p><div class=\"trade-content-10\" id=\"trade-3204051252\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1960009552\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this auto-dealer company under the \u2018small-cap\u2019 category gained approximately 7 percent in Monday\u2019s trading session after the company announced a foray of business in South India. In the past six months, the company\u2019s stock has gained nearly 25 percent for its stakeholders.&nbsp; With a market capitalization of Rs 3,468.77 crores, the stocks of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11889,11890,11547,6102,8091,8093,8243,5214,5641,5946,5213,3226],"class_list":["post-115738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-landmark-cars-latest-news","tag-landmark-cars-partnership-with-mahindra","tag-landmark-cars-share-price","tag-small-cap-stock","tag-small-cap-stock-energy-stock","tag-small-cap-stock-energy-stock-to-buy","tag-small-cap-stock-jumps-9","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-buy-in-2023","tag-small-cap-stock-to-buy-now","tag-small-cap-stock-to-watch","tag-small-cap-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Cap stock jumps 7% after company forays into South India with Mercedes-Benz\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this auto-dealer company under the \u2018small-cap\u2019 category gained approximately 7 percent in Monday\u2019s trading session after the company announced a foray of business in South India. 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