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Force Motors surges as its SCV & LCV production stands at 2,729 units in July

Force Motors is currently trading at Rs. 1061.00, up by 15.15 points or 1.45% from its previous closing of Rs. 1045.85 on the BSE.

The scrip opened at Rs. 1035.00 and has touched a high and low of Rs. 1069.00 and Rs. 1035.00 respectively.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2699.60 on 07-Aug-2018 and a 52 week low of Rs. 1025.20 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 1111.25 and Rs. 1025.20 respectively. The current market cap of the company is Rs. 1378.04 crore.

The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 7.91% and 30.46% respectively.

Force Motors has reported the production, sales and export of the products manufactured by the company during the month of July 2019. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 1,729 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 1,000 units.

The company’s domestic sales for SCV & LCV stood at 1,502 units and UV, SUV & Tractors stood at 860 units, while the company has exported 173 units of SCV & LCV in month of July 2019.

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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