Force Motors is currently trading at Rs. 2980.00, up by 31.55 points or 1.07% from its previous closing of Rs. 2948.45 on the BSE.
The scrip opened at Rs. 2959.00 and has touched a high and low of Rs. 3033.00 and Rs. 2923.00 respectively. So far 1,51,000 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. 1466.00 on 29-Jun-2015.
Last one week high and low of the scrip stood at Rs. 3033.00 and Rs. 2834.95 respectively. The current market cap of the company is Rs. 3,883.80 crore.
The promoters holding in the company stood at 60.12%, while Institutions and Non-Institutions held 5.15% and 34.73% respectively.
Force Motors has inaugurated its brand new facility in Pune to supply engines and axles to Mercedes-Benz India. The company has invested Rs 100 crore for the same. The new facility will help the company to be more flexible in terms of the production capacity demands.
The new plant, which is spread over 1,30,000 sq ft, has eight lines that produce and test up to 14 engine variants. This includes the 4 cylinder gasoline and diesel engines, 6 cylinder V-type gasoline and diesel engines.
The facility has a current annual capacity of 20,000 engines and 20,000 front and rear axles. This capacity can be further enhanced, should there be a requirement from Mercedes.
Force Motors has been the preferred partner for producing engines for all Mercedes Benz cars and SUV's made in India since 1997.
| Company Name | CMP |
|---|---|
| Ashok Leyland | 174.75 |
| Force Motors | 22382.80 |
| Olectra Greentech | 1226.25 |
| Tata Motors | 439.15 |
| SML Mahindra | 4317.20 |
| View more.. | |
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