Force Motors skids on Q3 loss
The stock was down 6% to Rs 343 after reporting a loss of Rs 8.37 crore in December quarter.
Force Motors has dipped 6% to Rs 343 after commercial vehicle maker reported a loss of Rs 8.37 crore in the third quarter that ended on December 31, 2013 (Q3), due to higher raw material and other expenditure. The company had posted a net profit of Rs 8.13 crore in the same period a year ago.
Net sales increased 12% to Rs 475 crore from Rs 424 crore, while total expenses rose 16% to Rs 503 crore over the previous year, according to a BSE filing.
The stock opened at Rs 351 and touched a low of Rs 340 on the BSE. Around 1,300 shares changed hands so far on the BSE.
Net sales increased 12% to Rs 475 crore from Rs 424 crore, while total expenses rose 16% to Rs 503 crore over the previous year, according to a BSE filing.
The stock opened at Rs 351 and touched a low of Rs 340 on the BSE. Around 1,300 shares changed hands so far on the BSE.
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First Published: Jan 20 2014 | 10:05 AM IST