Force Motors declines on reporting 23.82% fall in total sales during August 2024
Force Motors is currently trading at Rs. 7769.60, down by 234.15 points or 2.93% from its previous closing of Rs. 8003.75 on the BSE.
The scrip opened at Rs. 8001.95 and has touched a high and low of Rs. 8045.00 and Rs. 7721.10 respectively. So far 3475 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10272.65 on 29-Apr-2024 and a 52 week low of Rs. 3181.40 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 8550.30 and Rs. 7721.10 respectively. The current market cap of the company is Rs. 10211.60 crore.
The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 8.81% and 29.57% respectively.
Force Motors has reported 23.82% fall in its total sales (Domestic + Export) for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV) and Utility Vehicles (UV) at 2,299 units for August 2024 as compared to 3,018 units sold in August 2023. Out of total, the company’s domestic sales for SCV, LCV and UV stood at 2,153 units in August 2024. The company has exported 146 units of SCV, LCV and UV in month of August 2024.
Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.
