Force Motors surges as its SCV & LCV production stands at 1,299 units in May

Force Motors is currently trading at Rs. 1074.70, up by 25.80 points or 2.46% from its previous closing of Rs. 1048.90 on the BSE.

force motors gurkha xplorer 4x4 1
force motors gurkha xplorer 4×4 1

The scrip opened at Rs. 1056.85 and has touched a high and low of Rs. 1119.40 and Rs. 1049.80 respectively. So far 4149 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1740.00 on 16-Nov-2021 and a 52 week low of Rs. 970.05 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1119.40 and Rs. 1026.00 respectively. The current market cap of the company is Rs. 1420.07 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 5.91% and 32.46% respectively.

Force Motors has reported the production, sales and export of the products manufactured during the month of May 2022. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 1,299 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 748 units.

The company’s domestic sales for SCV & LCV stood at 1,041 units and sales of UV, SUV & Tractors stood at 668 units. The company has exported 317 units of SCV & LCV, while zero unit of UV, SUV & Tractors exported in month of May 2022.

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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