India's Landmark Cars gains after record Q1 sales

Landmark Cars

15/07/2026 05:22

** Shares of India's Landmark Cars LANM.NS rise 13.5% to 563.40 rupees, highest since November 17, 2025
** Stock set to gain for second straight session
** Luxury and premium auto dealer reports record first-quarter sales; pro forma revenue from operations rises 22.5% YoY in Q1
** Adds vehicle sales (including agency and pre-owned sales) up 24.2% YoY 
** Co expects upcoming launches from Mercedes-Benz, BYD, MG, M&M, Honda and Kia to support sales momentum in coming months
** Axis Capital maintains "Buy" rating with target price of 480 rupees
** More than 4.4 million shares change hands, about 8.8x the 30-day average volume of 500,521 shares
** Stock up 19.3% YTD 
     

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))