With possibility of government’s stake sale, Scooters India moves forward

The stock of Scooters India gained 4.91% at Rs 42.70 per share on the BSE in Wednesday’s trade, riding on the news that the government is in an advanced stage to appoint an advisor for proposed strategic sales in the company to divest its entire or partial stake to private sector players.
 
The stock attracted a total traded quantity of 200 shares. The company has lost 2.76% over the past five years and has a return on equity of 13.73% for the last three years. 
 
Scooters India makes motor vehicles and automotive spare parts and its principal product is the Vikram three-wheeler.