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14-Feb2019

Force Motors gains on reporting 87% rise in Q3 net profit

Force Motors is currently trading at Rs. 1372.00, up by 13.20 points or 0.97% from its previous closing of Rs. 1358.80 on the BSE.

The scrip opened at Rs. 1372.00 and has touched a high and low of Rs. 1380.00 and Rs. 1363.15 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3238.00 on 24-Apr-2018 and a 52 week low of Rs. 1300.00 on 29-Jan-2019.

Last one week high and low of the scrip stood at Rs. 1420.00 and Rs. 1335.00 respectively. The current market cap of the company is Rs. 1790.39 crore.

The promoters holding in the company stood at 61.86%, while Institutions and Non-Institutions held 7.85% and 30.29% respectively.

Force Motors has reported 86.62% rise in its net profit at Rs 27.34 crore for the quarter ended December 31, 2018 as compared to Rs 14.65 crore for the same quarter in the previous year. Total income of the company increased by 11.52% at Rs 846.69 crore for Q3FY19 as compared Rs 759.21 crore for the corresponding quarter previous year.

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.


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