Landmark Cars shares climbed 17.5% to ₹496.70 on Tuesday, reaching a six-month high after the company reported record sales for the June quarter.
The Indian distributor of MG vehicles posted revenue of ₹1,733 crore for the period, marking a 22.47% increase year-on-year and setting a new benchmark for its first-quarter performance.
The sharp repricing reflects investor confidence in the company’s ability to sustain growth amid a competitive domestic automotive landscape.
Landmark Cars, which holds the exclusive distribution rights for MG in India, has benefited from strong demand for its electric and internal combustion engine models.
The stock’s move underscores a broader trend of capital flowing into auto distributors with clear growth trajectories and expanding market share.
This development aligns with a wider pattern of strength in the Indian auto sector.