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Force Motors soars as its LCV production stood at 1345 units in February 2014

04 Mar 2014 Evaluate

Force Motors is currently trading at Rs. 363.00, up by 23.25 points or 6.84% from its previous closing of Rs. 339.75 on the BSE.

The scrip opened at Rs. 348.00 and has touched a high and low of Rs. 364.90 and Rs. 334.95 respectively. So far 2939 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 437.00 on 04-Dec-2013 and a 52 week low of Rs. 225.00 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 357.95 and Rs. 327.05 respectively. The current market cap of the company is Rs. 457.88 crore.

The promoters holding in the company stood at 56.54% while Institutions and Non-Institutions held 5.99% and 37.47% respectively. Force Motors, a Pune-based commercial vehicle maker, has reported the production, sales and export of the products manufactured by the company during the month of February 2014. The company’s production of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles & Sports Utility Vehicles (UV & SUV) and Tractors stood at 154 units, 1345 units, 858 units and 325 units respectively.

The company’s domestic sales for SCV, LCV, UV & SUV and Tractor stood at 25 units, 879 units, 815 units and 230 units respectively, while the company has exported 84 units of SCV and 28 units of LCV in month of February 2014.

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

Peers
Company Name CMP
Tata Motors 410.50
Ashok Leyland 145.50
Force Motors 16885.00
Olectra Greentech 1043.40
SML Mahindra 5814.50
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