Force Motors jumps on reporting 21% rise in December total sales
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Force Motors is currently trading at Rs. 3677.50, up by 73.95 points or 2.05% from its previous closing of Rs. 3603.55 on the BSE.
The scrip opened at Rs. 3751.00 and has touched a high and low of Rs. 3795.60 and Rs. 3663.25 respectively. So far 27694 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4468.00 on 13-Nov-2023 and a 52 week low of Rs. 1085.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3830.00 and Rs. 3585.00 respectively. The current market cap of the company is Rs. 4839.71 crore.
The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 6.53% and 31.85% respectively.
Force Motors has reported 20.71% rise in its total sales for December 2023 at 2500 units as compared to 2071 units sold in in November 2023. Out of total, the company’s domestic sales for SCV & LCV stood at 1,589 units and sales of UV, SUV & Tractors stood at 585 units, while the company has exported 326 units of SCV & LCV in month of December 2023
The company reported 17.87% rise in its total production for December 2023 at 2,612 units as compared to 2,216 units produced in the previous month. Out of total, the company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 2,158 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 454 units.
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.
