Landmark Cars announced a collaboration with OLX to develop a used car platform website, shared on the exchange on 24th September

Tue 29 Sep 2026

Technical resistance level

540-545

Trailing PE ratio

41

Heard on Live TV News Channel between 15:07:15 - 15:08:30 IST.

• Landmark Cars announced an exchange update on 24th September for a collaboration with OLX to develop a used car platform website.
• The tie-up is seen as significant given growing pre-owned and used car share for Landmark, and OLX being one of the largest platforms in the space, competing with listed peer Car Trade Tech.
• Company is aggressively pursuing annuity-based revenue through new verticals in after-sales as EVs have higher accident repair costs than ICE vehicles, adding future revenue potential.
• Technical analyst Kosh said the stock has seen meaningful bounces but has not broken the long-term falling trendline resistance at 540-545 levels, and gave the stock a miss, preferring other auto ancillary and OEM options.
• Fundamental analyst G. Chokalingam said he would not buy at current price given it is one of the costliest stocks versus peers, has single-digit return ratios, declining net profit over the last three years, and cyclical nature of car sales makes a 41 PE unjustified.

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