Stock Skyrockets 11% After Nippon India Mutual Fund Buys 3.83% Stake

SYNOPSIS: Goldman Sachs Asset Management fully exited Landmark Cars, selling its 5.01 percent stake, while Nippon India Mutual Fund raised its holding to 7.47 percent.

During Wednesday’s trading session, shares of one of the leading premium automotive retail businesses in India, with dealerships for Mercedes-Benz, BYD, Renault, and other well-known brands, surged 11 percent on BSE, despite Goldman Sachs exiting the company via selling its entire stake.

At 12:34 p.m., shares of Landmark Cars Limited were trading in the green at Rs. 399.45 on BSE, up by over 4 percent, compared to its previous closing price of Rs. 383.55, with a market cap of Rs. 1,656.3 crores. The stock has delivered negative returns of around 24 percent in one year, and has fallen by nearly 14 percent in the last one month.

As per its latest regulatory filing, Landmark Cars Limited informed that Goldman Sachs Asset Management International has fully exited its investment in the company and has ceased to be a substantial shareholder.

Goldman Sachs Asset Management International, along with its person acting in concert (PAC), Goldman Sachs Asset Management, L.P., reduced its combined shareholding in Landmark Cars to zero. Prior to the sale, the investor group held 20,72,144 equity shares, or 5.014 percent of the company’s total share capital and voting rights. The stake comprised 20,10,349 equity shares held directly by Goldman Sachs Asset Management International, accounting for 4.86 percent, and 61,795 equity shares held by the PAC, representing 0.15 percent.

Meanwhile, Nippon India Mutual Fund increased its exposure to Landmark Cars by acquiring an additional 15.9 lakh equity shares, representing a 3.83 percent stake. The fund held a 3.64 percent stake as of December 2025, taking its total holding to 7.47 percent.

Financials

Landmark Cars reported a significant growth in its revenue from operations, showing a year-on-year increase of more than 33 percent from Rs. 907.3 crores in Q2 FY25 to Rs. 1,211 crores in Q2 FY26. Likewise, its net profit increased during the same period from Rs. 0.34 crores to Rs. 1.5 crores, representing an impressive rise of nearly 344 percent YoY. Landmark Cars Limited is the authorised dealer for Mercedes-Benz passenger cars for the states of Gujarat, Madhya Pradesh and Mumbai.

The company is engaged in the business of (i) authorised agent of selling automobiles of a single brand “Mercedes-Benz” (ii) the operation of workshops and garages to repair and service the automobiles, including other ancillary services (iii) direct selling agency/marketing agency on behalf of inter alia banks and non-banking financial companies to market their financing schemes to customers (iv) selling of accessories (v) the insurance commission business in connection with (i) and (ii).

As of Q2 FY26, the company commands an 18.1 percent market share in Jeep & Citroën, 21.1 percent in BYD, 16.5 percent in Mercedes-Benz, 9.1 percent in Volkswagen, 5.8 percent in Honda, and 3.8 percent in MG. Additionally, Landmark Cars has 139 total outlets, including 75 sales showrooms and 64 workshops.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Stock Skyrockets 11% After Nippon India Mutual Fund Buys 3.83% Stake appeared first on Trade Brains.