 "Force Motors zooms over 70% in three weeks")
Shares of Force Motors continued their upward march, surging by 10% to their record highs of Rs 2,532 on the BSE. The stock has zoomed by 71% from Rs 1,483 to Rs 2,532 in the past three weeks, compared to a 0.45% rise in the Sensex.
Till 03:22 PM, around 586,000 shares changed hands and there were pending buy orders for 17,492 shares on the BSE.
Force Motors inaugurated its Chennai unit on July 21. The plant will make engines for BMW.
Meanwhile, the company had posted nearly 100% jump in its consolidated net profit at Rs 125 crore for the last financial year 2014-15 against Rs 63 crore in the previous fiscal. The company is yet to declare its April-June 2015 quarter results.
Force Motors is engaged in manufacturing light commercial vehicles (LCV), small commercial vehicles (SCV), utility vehicles, agricultural tractors and other products connected with the automobile industry, such as diesel engines.
Till 03:22 PM, around 586,000 shares changed hands and there were pending buy orders for 17,492 shares on the BSE.
Force Motors inaugurated its Chennai unit on July 21. The plant will make engines for BMW.
Meanwhile, the company had posted nearly 100% jump in its consolidated net profit at Rs 125 crore for the last financial year 2014-15 against Rs 63 crore in the previous fiscal. The company is yet to declare its April-June 2015 quarter results.
Force Motors is engaged in manufacturing light commercial vehicles (LCV), small commercial vehicles (SCV), utility vehicles, agricultural tractors and other products connected with the automobile industry, such as diesel engines.
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