Force Motors decelerates after weak Q4 result

Force Motors lost 1.87% to Rs 4,531.05 at 11:11 IST on BSE after net profit dropped 25.29% to Rs 54.91 crore on 7.08% fall in net sales to Rs 828.12 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 11 May 2017.

Meanwhile, the S&P BSE Sensex was down 35.78 points or 0.12% at 30,215.20. The S&P BSE Mid-Cap index was down 59.90 points, or 0.4%, to 14,897.23.

On the BSE, 43,000 shares were traded on the counter so far as against the average daily volumes of 62,883 shares in the past one quarter. The stock had hit a high of Rs 4,600 and a low of Rs 4,475.25 so far during the day.

The stock had hit a record high of Rs 4,839 on 27 October 2016 and a 52-week low of Rs 2,801 on 24 June 2016.

The stock had underperformed the market over the past one month till 11 May 2017, falling 0.11% compared with 2.05% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 9.63% as against Sensex's 6.76% rise.

The mid-cap company has equity capital of Rs 13.18 crore. Face value per share is Rs 10.

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.

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