Bengaluru, Aug. 21 -- A leading automotive dealership stock was in focus after announcing a major acquisition in the commercial vehicle space. Investor sentiment turned positive as the company expanded its footprint into a new market, building on its existing presence across Southern and Western India.

Popular Vehicles & Services Ltd, with a market capitalization of Rs. 861.50 crore, opened at Rs. 125 on Wednesday against a previous close of Rs. 118.80. The stock touched an intraday high of Rs. 127.45, marking a 7.27 percent rise. Over the past one year, the stock has delivered a strong return to shareholders.

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Popular Vehicles & Services Ltd announced that its wholly owned step-down subsidiary, Prabal Motors Pvt. Ltd.,...