Force Motors surges on reporting 44% rise in April total sales
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Force Motors is currently trading at Rs. 9749.95, up by 236.60 points or 2.49% from its previous closing of Rs. 9513.35 on the BSE.
The scrip opened at Rs. 9699.00 and has touched a high and low of Rs. 9885.05 and Rs. 9699.00 respectively. So far 2461 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. 1298.00 on 05-May-2023.
Last one week high and low of the scrip stood at Rs. 10272.65 and Rs. 9044.05 respectively. The current market cap of the company is Rs. 12535.04 crore.
The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 7.21% and 31.16% respectively.
Force Motors has reported 43.54% rise in its total sales (Domestic + Export) for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV) and Utility Vehicles (UV) at 2,624 units for April 2024 as compared to 1,828 units sold in April 2023. Out of total, the company’s domestic sales for SCV, LCV and UV stood at 2268 units. The company has exported 356 units of SCV, LCV and UV in month of April 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.
