Force Motors surges after bulk deal

Force Motors jumped 7.76% to Rs 572 at 09:53 IST on BSE after 3.22% equity changed hands in a bulk deal on BSE today, 31 July 2014.

A bulk deal of 4.24 lakh shares was executed on the Force Motors counter at Rs 549.95 per share at 09:19 IST on BSE today, 31 July 2014.

Meanwhile, the BSE Sensex was down 19.07 points, or 0.07%, to 26,068.35

On BSE, so far 5.76 lakh shares were traded in the counter, compared with an average volume of 75,020 shares in the past one quarter.

The stock hit a high of Rs 583.95 and a low of Rs 528 so far during the day. The stock hit a 52-week high of Rs 625 on 11 June 2014. The stock hit a 52-week low of Rs 225 on 7 August 2013.

The stock had underperformed the market over the past one month till 30 July 2014, rising 1.12% compared with 2.65% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 40.20% as against Sensex's 16.37% rise.

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

Force Motors reported 35.9% rise in net profit to Rs 19.40 crore on 9.1% rise in total income to Rs 557 crore in Q1 June 2014 over Q1 June 2013.

Force Motors is engaged in the manufacture of LCVs, SCVs, utility vehicles, agricultural tractors and other products related to automobile industry such as diesel engines.

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