Landmark Cars shares jump 12% on Q2 update, then quickly give back gains
Landmark Cars reported a 17.3% rise in quarterly revenue. Shares spiked 12% intraday before nearly erasing the gains, CNBC-TV18 reports.
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what happened
Shares of Landmark Cars Ltd. climbed almost 12% after the company released a business update for the second quarter. It was the stock's strongest one-day gain since July 14, 2026, when it rose 17.4%, according to CNBC-TV18.
According to the exchange filing, total revenue in the September quarter grew 17.3% to ₹1,943 crore from ₹1,657 crore a year earlier. Vehicle sales rose 18.5% to ₹1,662 crore from ₹1,403 crore. The company said it expects a strong festive season and a solid start to the second half of fiscal 2027.
During the session the shares touched ₹509, but they then gave up nearly all of that rise and now trade 3.1% higher at ₹469. At the intraday peak, the stock was briefly positive for the year so far.
why it matters
For the market, the revenue growth rests on a wider dealer network and new premium, luxury and EV launches from partner automakers. The quick reversal in the share price, however, suggests investors are still cautious about these results.
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sources
- Landmark Cars shares surge up to 12% after Q2 business update, but cool soon after — cnbctv18.com, 14 October 2026 at 09:50 UTC
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