Force Motors is currently trading at Rs 256.00, up by 1.85 points or 0.73% from its previous closing of Rs 254.15 on the BSE.
The scrip opened at Rs 265.00 and has touched a high and low of Rs. 265.00 and Rs 253.00 respectively.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 525.00 on 07-Dec-2012 and a 52 week low of Rs 235.00 on 24-Jul-2013.
Last one week high and low of the scrip stood at Rs 279.80 and Rs 235.00 respectively. The current market cap of the company is Rs 334.87 crore.
The promoters holding in the company stood at 51.75% while Institutions and Non-Institutions held 6.00 % and 42.25% respectively.
Force Motors is aiming to achieve 5% growth in top-line this fiscal with the help of new product launches amid a tough automobile market. In this regard, the company recently rolled out two variants of its SUV Force, and decided to introduce third, the highest variant, in a month’s time. The company is also planning to launch a new nine-seater multi- purpose vehicle licensed from Mercedes by first quarter of 2014.
Further, the company aims to double its existing 25-dealerships by the end of the fiscal. Many of these will be in tier-II and III cities. It had planned capital expenditure of Rs 1,000 crore over a period of three years beginning last year.
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.
