Force Motors surges on the bourses

22 Aug 2011 Evaluate

Force Motors is currently trading at Rs 649.00, up by 14.95 points or 2.36% from its previous closing of Rs 634.05 on the BSE.

The scrip opened at Rs 648.60 and has touched a high and low of Rs 655.00 and Rs 648.60 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1045.00 on 05-Oct-2010 and a 52 week low of Rs 455.00 on 23-Aug-2010.

Last one week high and low of the scrip stood at Rs 709.95 and Rs 630.00 respectively. The current market cap of the company is Rs 835.44 crore.

The promoters holding in the company stood at 51.75% while Institutions and Non-Institutions held 6.13% and 42.12% respectively. 

Force Motors is planning to invest Rs 1,000 crore over the next two years. Of which, the company will invest Rs 400 crore in the passenger vehicle segment and the rest in commercial vehicles space.

Pune-based commercial vehicle maker will raise the said fund through a mix of internal accruals and other capital raising methods

Recently, the company rolled out its first 2.2-litre diesel sports utility vehicle (SUV) 'Force One,' priced at Rs 10.65 lakh (ex-showroom Delhi). The vehicle will be available in the market from September 1. The company has roped in Bollywood actor Amitabh Bachchan as its brand ambassador to promote the vehicle.

The company is also planning to launch two more variants of the SUV over the next two years. The SUV market has an annual potential of 70,000 units and the company aims to sell 4,000 vehicles in the first year.

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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