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06-Sep2016

Force Motors surges on reporting production numbers

Force Motors is currently trading at Rs. 3199.00, up by 138.90 points or 4.54% from its previous closing of Rs. 3060.10 on the BSE.

The scrip opened at Rs. 3098.50 and has touched a high and low of Rs. 3225.85 and Rs. 3097.00 respectively. So far 70,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3785.00 on 20-Oct-2015 and a 52 week low of Rs. 1911.25 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 3225.85 and Rs. 2980.00 respectively. The current market cap of the company is Rs. 4,169.29 crore.

The promoters holding in the company stood at 60.12%, while Institutions and Non-Institutions held 5.46% and 34.42% respectively.

Force Motors, a Pune-based commercial vehicle maker, has reported the production, sales and export of the products manufactured by the company during the month of August 2016. The company's production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 2,109 units and 1,212 units respectively.

The company's domestic sales for SCV & LCV and UV, SUV & Tractor stood at 1,501 units and 1,105 units respectively, while the company has exported 295 units of SCV & LCV and 15 units of UV, SUV & Tractor in month of August 2016.

Force Motors 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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