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Bloomberg Quint

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Image Credit: Bloomberg Quint

Landmark Cars Rated New 'Buy' At B&K Securities; 60% Upside Seen

  • B&K Securities has initiated coverage on Landmark Cars with a 'Buy' rating, setting a target price of Rs 820, based on a potential upside of 61.4%.
  • Landmark Cars is predicted to be at the end of its profit slump and expected to undergo a robust recovery, driven by the establishment of new strategic partnerships and improvements in after-sales services.
  • Cost rationalization efforts by Landmark Cars in 2025 have been successful, leading to reduced employee and other expenses as a percentage of revenues, with further cost reductions targeted for 2026.
  • Highlighted by B&K Securities are Landmark Cars' high entry barriers in the market, its professional management, and strong relationships with notable OEMs, positioning the company for sustained success.

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