Force Motors rises despite reporting 18% fall in total sales during December 2024
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Force Motors is currently trading at Rs. 7357.90, up by 113.70 points or 1.57% from its previous closing of Rs. 7244.20 on the BSE.
The scrip opened at Rs. 7206.85 and has touched a high and low of Rs. 7639.70 and Rs. 7099.95 respectively. So far 10615 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. 3333.00 on 24-Jan-2024.
Last one week high and low of the scrip stood at Rs. 7639.70 and Rs. 6377.00 respectively. The current market cap of the company is Rs. 9713.67 crore.
The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 8.81% and 29.56% respectively.
Force Motors has reported 18.07% fall in its total sales (Domestic + Export) for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV) and Sports Utility Vehicles (SUV) at 2,036 units for December 2024 as compared to 2,485 units sold in December 2023.
Out of total, the company’s domestic sales for SCV, LCV, UV and SUV stood at 1,985 units in December 2024. The company has exported 51 units of SCV, LCV, UV and SUV in month of December 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.
