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Force Motors is currently trading at its upper circuit limit of Rs 605.15, up by 100.85 points or 20.00% from its previous closing of Rs 504.30 on the BSE.
The scrip opened at Rs 605.15 and has touched a high and low of Rs 605.15 and Rs 605.15 respectively. So far 4418 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 975.00 on 02-Dec-2010 and a 52 week low of Rs 410.10 on 15-Nov-2011.
Last one week high and low of the scrip stood at Rs 605.15 and Rs 447.00 respectively. The current market cap of the company is Rs 664.48 crore.
The promoters holding in the company stood at 51.75% while Institutions and Non-Institutions held 6.24% and 42.02% respectively.
The Pune-based Force Motors and MAN Truck & Bus AG, Munich, Germany, the joint venture partners of MAN Force Trucks (MFT) have reached an agreement in principle to reorganize their shareholding in the equity share capital of MFT and to rearrange their relationship in respect of MFT.
Accordingly and subject to receipt of necessary approvals, Force Motors will sell and transfer 55.79 crore equity shares of MFT to MAN for a consideration of 150 million euro.
Force and MAN will continue to co-operate with each other and with MFT based on a new contractual arrangement.
In 2003, Force Motors had conceived a project for industrializing new generation heavy commercial vehicles in India. For this purpose, it sourced technology from leading German companies like MAN for engines, cabs and axles and ZF for gearboxes. Based on this licensed technology, Force Motors created a full range of heavy commercial vehicles.
In 2006, on MAN’s request and with a view to achieving substantial export, the project was converted into a joint venture with 30 per cent equity with MAN and a new company, a joint venture, MAN Force Trucks was formed. In 2008, MAN’s shareholding was hiked to 50 percent.
| Company Name | CMP |
|---|---|
| Tata Motors | 952.25 |
| Ashok Leyland | 209.80 |
| Force Motors | 8707.40 |
| Olectra Greentech | 1714.35 |
| Tata Motors - DVR | 643.15 |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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