Force Motors hits record high

Force Motors was locked at 10% upper circuit at Rs 3,141.85 at 15:25 IST on BSE, with the stock extending recent strong gains triggered by the company reporting strong Q1 results.

Meanwhile, the S&P BSE Sensex was down 87.15 points or 0.31% at 28,099.91.

On BSE, so far 6.38 lakh shares were traded in the counter as against average daily volume of 1.23 lakh shares in the past one quarter.

The stock was locked at a high of Rs 3,141.85, which was also a record high for the stock. The stock hit a low of Rs 3,000 so far during the day. The stock had hit a 52-week low of Rs 558 on 1 August 2014.

The stock had outperformed the market over the past one month till 3 August 2015, rising 86.94% compared with Sensex's 0.34% gain. The scrip had also outperformed the market in past one quarter, gaining 75.36% as against Sensex's 4.35% gain.

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

The stock had risen 2.65% on Friday, 31 July 2015 after the company reported strong Q1 results. Force Motors' net profit rose 84.3% to Rs 35.76 crore on 17.6% rise in total income to Rs 655.17 crore in Q1 June 2015 over Q1 June 2014. The company announced Q1 results during market hours on Friday, 31 July 2015.

From a recent low of Rs 2,302.25 on 29 July 2015, the stock has jumped 36.46% in four sessions to current ruling price of Rs 3,141.85.

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.

Powered by Capital Market - Live News