Force Motors gains after reporting strong Q2 results

Force Motors rose 3.84% to Rs 3,610 at 12:05 IST on BSE after net profit rose 65.33% to Rs 42.48 crore on 27.45% rise in net total income from operations to Rs 763.24 crore in Q2 September 2015 over Q2 September 2014.

The result was announced on Saturday, 24 October 2015.

Meanwhile, the S&P BSE Sensex was down 27.98 points or 0.09% at 27,446.95.

On BSE, so far 2.7 lakh shares were traded in the counter as against average daily volume of 2.82 lakh shares in the past one quarter.

The stock hit a high of Rs 3,739 and a low of Rs 3,576.50 so far during the day. The stock had hit a record high of Rs 3,785 on 20 October 2015. The stock had hit a 52-week low of Rs 955.25 on 17 December 2014.

The stock had outperformed the market over the past one month till 23 October 2015, surging 47.4% compared with 6.38% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 82.21% as against Sensex's 3.17% decline.

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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