New Delhi . Despite the huge uproar in the stock market, shares of Hindustan Motors, a popular Ambassador car maker, have jumped 103 percent in the last one month.
For the last 15 days, Hindustan Motors has remained a earning company for its investors. On Thursday, at 2.23 pm, the company’s shares were trading at Rs 23 per share, while a month ago it was trading at Rs 11 per share.
In the same period, the domestic stock market has lost nearly five per cent.
It is worth noting that Hindustan Motors was established in Gujarat before independence but from 1948 it started operating from Uttarpara in Hooghly district of West Bengal. It was from this place that the company started manufacturing the Ambassador car.
The company also has a plant at Pitampura near Indore in Madhya Pradesh, which manufactures variants of the mini truck Winner with 1,800 cc CNG and one tonne payload.
The current market capitalization of the company as per BSE is Rs 482 crore.
–IANS
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