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Force Motors gains on promoter hiking stake in company to over 60%

20 Mar 2015 Evaluate

Force Motors is currently trading at Rs. 1415.00, up by 26.50 points or 1.91% from its previous closing of Rs. 1388.50 on the BSE.

The scrip opened at Rs. 1406.50 and has touched a high and low of Rs. 1436.50 and Rs. 1405.00 respectively. So far 41244 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1494.00 on 17-Mar-2015 and a 52 week low of Rs. 331.00 on 25-Mar-2014.

Last one week high and low of the scrip stood at Rs. 1494.00 and Rs. 1360.00 respectively. The current market cap of the company is Rs. 1868.39 crore.

The promoters holding in the company stood at 59.36 % while Institutions and Non-Institutions held 6.14 % and 34.50 % respectively.

Force Motors’ promoter has increased its stake in the company to over 60% by acquiring more than one lakh shares of vehicle manufacturer from open market. The promoter of the company -- Jaya Hind Investments -- has acquired 1,00,200 equity shares of Rs. 10 each from the market on March 13, 2015.

With this acquisition, the number of shares held by the promoter group stands increased from 78,21,295 equity shares to 79,21,495 equity shares, from 59.36 per cent to 60.12 per cent of the total paid up share capital of the company.

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.

Force Motors Share Price

21900.00 -482.80 (-2.16%)
20-Apr-2026 15:25 View Price Chart
Peers
Company Name CMP
Ashok Leyland 175.65
Force Motors 21900.00
Olectra Greentech 1194.25
Tata Motors 437.20
SML Mahindra 4317.00
View more..

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