Force Motors shares rose 5.4% in Friday's BSE session, reaching an intraday high of Rs 7,639.7 per share. In two days, the stock had risen by more than 14%. Force Motors' share price rose 2.44 percent to Rs 7380.3 per share on the BSE at 11:33 a.m. In comparison, the BSE Sensex fell 0.47 percent to 79,564.82. The company's market value stands at Rs 9,618.67 crore. The 52-week high for the stock was Rs 10,272.65 a share, while the 52-week low was Rs 3,333.
On January 2, 2025, Force Motors received an order for 2,429 ambulances from Uttar Pradesh's Medical Health and Family Welfare Department. According to a regulatory filing, the company has received an order to supply the department with 2,429 BS-VI diesel ambulances. The order will be executed between December 2024 and March 2025, it stated, without specifying its amount.
Force Motors' domestic sales of small commercial vehicles (SCV), light commercial vehicles (LCV), utility vehicles (UV), and sports utility vehicles (SUV) decreased by 8.06 percent year-on-year (Y-o-Y) to 1,985 units in December from 2,159 units the previous year, according to a monthly update released on Friday, January 3, 2025, during market hours. However, it grew 14.3 percent from November's sales of 1,736 units. The company's domestic tractor sales totaled 15 units.
Furthermore, its exports of SCV, SUV, LCV, and UV plummeted 84.35 percent year on year to 51 units, down from 326. Overall, the company's total sales plummeted 18.07 percent to 2,036 units from 2,485 a year ago. However, it increased by 8% from November's sales of 1,885 units.
Force Motors is an Indian automobile manufacturer that produces commercial vehicles, multi-utility vehicles (MUVs), and automotive components. The company is known for developing tough and dependable vehicles, primarily for the Indian market, with a strong emphasis on utility vehicles and commercial transportation. Force Motors shares have increased by 94.5 percent over the last year, compared to a 12% increase in the Sensex.
