Force motors stock price: The shares of Force Motors showed a great jump of up to 10 percent on 5 February. The stock on BSE opened in the morning at Rs 6459.00 and then went up to Rs 7057.95. Force Motors has released sales data for the month of January. According to the information given to the stock markets, in January this year, the company’s total sales increased by 20.34 percent to 3,597 units on an annual basis. The sale includes the sale of small commercial vehicles, light commercial vehicles, utility vehicles and sports utility vehicles.
The total sales were 2,989 units a year ago. The sale of Force Motors within the country increased by 39.27 percent to 3,493 units on an annual basis. Domestic sales were 2,508 units in January 2024. On the other hand, exports declined 78.37 percent to 104 units as compared to a year ago. In January 2024, the company exported 481 vehicles. Force Motors tractors have been shut down since 31 March 2024.
Force Motors shares climbed 68 percent in a year
According to BSE data, the stock of Force Motors has strengthened 68 percent in the last one year. The price came down 19 percent in 6 months. The company had 61.63 percent stake in the company till the end of December 2024. The company’s market cap has reached Rs 9000 crore due to bumper procurement. The stock saw a 52 -week high of Rs 10,272.65 on 29 April 2024 on BSE. The 52 week low was recorded on 3,990.10 rupees on 9 February 2024.
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Results of December quarter will appear on 10 February
Force Motors will release financial results of the October-December 2024 quarter after a board meeting on 10 February 2025. The company had a revenue of Rs 1,941.20 crore in the July-September 2024 quarter. Meanwhile, net profit was recorded at Rs 140.68 crore and earning Rs 106.77 crore per share. In FY 2024, the revenue was Rs 6,991.65 crore, net profit of Rs 401.68 crore and earning was Rs 304.86 crore per share.
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