Shares of Force Motors up 39% after selling in September

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Shares of Force Motors up 39% after selling in September

Shares of Mumbai-based utility vehicle maker Force Motors rose 5 per cent to an intraday high of Rs 1,555.40 after announcing September sales and production numbers after the market on Tuesday. Force Motors’ domestic sales in September rose 39 percent to 1,968 units from 1,418 units in the same month last year. Production rose 44 percent to 2,159 units in September. Force Motors’ sales rose 25 percent to 272 units from exports, the company’s transfer file shows.

Force Motors sold 1,144 units of small commercial vehicles (SCVs) and light commercial vehicles in September, while sales of utility vehicles (UVs), sport utility vehicles (SUVs) and tractors came in at 824 units.

Production for small and light commercial vehicles came in at 1,391 units, producing 768 sports utility vehicles (SUVs), tractors and utility vehicles.

A total of 5,607 shares of Force Motors shares changed hands on the BSE, compared to the daily average of 4,923 shares over the past two weeks. On the National Stock Exchange, 1.45 lakh shares of the company changed hands by 12:06 p.m.

Shares of Force Motors have risen 14.24 percent so far this year, while the Sensex ‘performance has fallen 26 percent.

Shares of Force Motors traded up 2.2 per cent at Rs 1,514, up 0.22 per cent over the Sensex.



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