Force Motors Ltd Share Price – NSE  /  BSE

Automobile, Small Cap

Kaveri Seed Company Ltd, Ujjivan Financial Services Ltd, Bayer CropScience Ltd and KSB Ltd are among the other gainers in the BSE's 'A' group today, 19 April 2024.

Force Motors Ltd soared 8.74% to Rs 8785.8 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 20582 shares were traded on the counter so far as against the average daily volumes of 9168 shares in the past one month.

Kaveri Seed Company Ltd surged 8.29% to Rs 743.95. The stock was the second biggest gainer in 'A' group. On the BSE, 53186 shares were traded on the counter so far as against the average daily volumes of 4761 shares in the past one month.

Ujjivan Financial Services Ltd spiked 4.70% to Rs 551. The stock was the third biggest gainer in 'A' group. On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 43520 shares in the past one month.

Bayer CropScience Ltd exploded 3.86% to Rs 5764.45. The stock was the fourth biggest gainer in 'A' group. On the BSE, 956 shares were traded on the counter so far as against the average daily volumes of 932 shares in the past one month.

KSB Ltd gained 3.79% to Rs 4650. The stock was the fifth biggest gainer in 'A' group. On the BSE, 4153 shares were traded on the counter so far as against the average daily volumes of 1666 shares in the past one month.

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Force Motors will hold a meeting of the Board of Directors of the Company on 26 April 2024.

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As compared with January 2024, the domestic sales fell 5.66% in February 2024.

Export sales stood at 95 units in February 2024, down 57.01% from 221 units sold in February 2023 and tumbled 80.25% from 481 units on a month on month basis.

Total production jumped 31.83% to 2,978 units in February 2024 from 2,259 units produced in February 2023. The production rose 3.76% last month from 2,870 units produced in January 2024.

Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles.

The company reported consolidated net profit of Rs 85.40 crore in Q3 FY24 as against net loss of Rs 15.59 crore posted in Q3 FY23. Net sales jumped 29.7% YoY to Rs 1,691.69 crore in Q3 FY24.

The scrip dropped 5.24% to Rs 6,094.90 on the BSE.

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Force Motors achieved production of 2978 units in month of February 2024. The company sold 2,366 units in domestic market and exports stood at 95 units in February 2024.

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