Hindustan Motors

Hindustan Motors to appoint new CEO

Hindustan Motors to appoint new CEO

Hindustan Motors has announced that it will appoint a new CEO to oversee the operations of the company. Hindustan Motors is one of the leading auto makers of the country.

It is owned by CK Birla group and has produced Ambassador, one of the oldest brands of India. Executive VP of Hindustan Motors, Mr. Moloy Choudhary has informed that the company can afford its cash operation with out any financial reconstruction. The company is not dependant on the Board for Industrial and Financial Reconstruction.

Hindustan Motors launches Mitsubishi`s Outlander in Indian market

Indian automobile major Hindustan Motors (HML) has rolled out sports utility vehicle (SUV) `Outlander` in the country.

After testing the markets in North America, Japan, Australia, Canada and West Europe the `Outlander` is now forayed Indian auto market.

The Mitsubishi Outlander is a proven and worldwide successful SUV. This vehicle has played a significant role in further increasing Mitsubishi Motors` credentials around the globe. 

Hindustan Motors Buy Call

Investors can earn profit from Hindustan Motors in today’s session, as the stock is looking technically strong for intraday trading.

Traders can purchase the stock around Rs 75-76 with a strict stop loss of Rs 73 to achieve a target of Rs 83 or 86 if markets remain strong.

The stock has touched a 52-week high of Rs 94.75 and a low of Rs 24 on BSE.

Some other stocks from the same sector that looks good for long term are Mah & Mah and Maruti Suzuki.