Force Motors rallies over 10% on heavy volumes

Force Motors has rallied 15% to Rs 3,160 on the BSE in otherwise weak market on back of heavy volumes.

Force Motors is a fully vertically integrated automobile company. Over the last five decades through the associations with leading global automotive names like Daimler, ZF, Ricardo, Bosch and MAN, Force Motors has developed necessary expertise in-house for design, development and manufacture of automobiles, sub-systems, components and aggregates.

Force Motors is also the only company in the world to do powertrains (engine, gearbox, axle see figure “Powertrain of Automobile”) for both BMW and Mercedes.

The stock has outperformed the market by gaining more than 100% for the second consecutive calendar year. In 2014, the stock rallied 187% as compared to 30% rise in the S&P BSE Sensex

Thus far in 2015, the stock has appreciated 194% against 9% decline in the benchmark index. It touched a record high of Rs 3,785 on October 20, 2015.

At 11.12 AM, the stock was up 13% at Rs 3,098 as compared to 0.15% decline in the Sensex. About 342,000 shares representing 2.6% of total equity of Force Motors have changed hands against an average sub 100,000 shares that were traded daily in past two weeks on the BSE.