Popular Vehicles & Services is currently trading at RS. 121.95, up by 1.15 points or 0.95% from its previous close of RS. 120.80 on the BSE.
The stock opened at RS. 125.00 and recorded a high and low of RS. 125.00 and RS. 120.65 respectively. So far, 1418 shares have been traded on the counter.
This BSE group 'B' stock, with a face value of RS. 2, touched a 52-week high of RS. 264.40 on June 20, 2024, and a 52-week low of RS. 87.28 on April 21, 2025. Over the past week, it has seen a high of RS. 125.00 and a low of RS. 116.75. The company’s current market capitalization stands at RS. 868.26 crore.
The company’s shareholding pattern includes 61.18% held by promoters, 24.39% by institutions, and 14.43% by non-institutional investors.
In a major development, its 100% step-down subsidiary, Prabal Motors, has received a Letter of Intent (LoI) to establish eight modern 3S (Sales, Service, and Spare Parts) facilities for BharatBenz in Punjab.
This marks the company's entry into the Punjab market as the exclusive BharatBenz dealer across the state. The move extends its presence in Northern India, complementing its strong operations in Maharashtra and Tamil Nadu, while further deepening ties with the BharatBenz brand.
The upcoming facilities will be spread across eight strategic locations, housing showrooms, body shops, spare parts distribution, and pre-owned car operations under one roof. Together, they will offer 32 service bays and represent a combined investment of approximately RS. 13 crore.
Popular Vehicles & Services operates in the automobile dealership sector, offering a full range of vehicle lifecycle services including new and used car sales, servicing, spare parts, driving schools, and third-party financial and insurance product offerings.