Force Motors surges higher on the bourses

21 Dec 2011 Evaluate

Force Motors is currently trading at Rs. 415.00, up by 6.85 points or 1.68% from its previous closing of Rs. 408.15 on the BSE.

The scrip opened at Rs. 401.00 and has touched a high and low of Rs. 436.00 and Rs. 401.00 respectively. So far 1115 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 927.00 on 31-Dec-2010 and a 52 week low of Rs. 387.50 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 445.00 and Rs. 387.50 respectively. The current market cap of the company is Rs. 537.79 crore.

The promoters holding in the company stood at 51.75% while Institutions and Non-Institutions held 6.24% and 42.02% respectively.

Force Motors is planning to launch a new light commercial passenger vehicle, displaying two variants of its SUV, Force One at the Delhi Auto Expo 2012.

The company will also show a new 26-seater monocoque bus which will go into regular production by April 2011. The bus will also have two variants, a luxury version which will seat between 10-18 people and the standard 26-seater, which are targeted at inter- and intra-city needs with the luxury bus being a scaled down version of the standard-setting Volvo luxury coaches.

The passenger and commercial vehicle maker will also show its hybrid Traveller coach while it plans to offer CNG on its small commercial vehicle, the Trump.

Force Motors Share Price

7243.80 51.80 (0.72%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Tata Motors 993.00
Ashok Leyland 171.15
Force Motors 7243.80
Olectra Greentech 1889.00
Tata Motors - DVR 658.00
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