Hindustan Motors soars on reporting 91% rise in September production

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Hindustan Motors is currently trading at Rs. 8.00, up by 0.32 points or 4.17 % from its previous closing of Rs. 7.68 on the BSE.

The scrip opened at Rs. 7.74 and has touched a high and low of Rs. 8.65 and Rs. 7.64 respectively. So far 107215 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. 8.99 and Rs. 7.35 respectively. The current market cap of the company is Rs. 142.46 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 (HM) has reported a rise of 90.51% in production of passenger vehicles for the month of September, 2013 at 261 units compared to 137 units in the same month of the last year. In the Light Commercial Vehicle segment, the company has reported production of 11 units in September, 2013 as compared to 2 units produced in the month of September, 2012.

On domestic sales front, the company has sold 335 units of passenger vehicles in the month of September, 2013, up by 41.95% as compared to 236 units sold in September, 2012, while the company sold 16 units in Light Commercial Vehicle space compared to 3 units sold in September, 2012.

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.

Source:-berkeleygains
 
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