Upper circuit alert: Shares of small-cap automaker company hit 52-week high!
The share saw a spurt in volume by 3.39 times.
The share of Force Motors Ltd hit a back-to-back fresh 52-week high and clocked the upper circuit at Rs 2,570.55 on BSE. The company has demonstrated resilience and growth potential in the Small-Cap category. The share also saw a spurt in volume by 3.39 times.
on Monday, shares of Force Motors climbed to a fresh record high of Rs 2357.90, as investors continued to bet on its turnaround story. After two successive years of losses, Force Motors turned the corner in FY23. The company reported a net profit of Rs 133.64 crore against a loss of Rs 92 core in FY22 and Rs 124 crore in FY21.
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The company is a fully vertically integrated automobile company, with expertise in the design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles. The company’s product range includes Tractors, Three wheelers, Light commercial vehicles, Multi Utility Vehicles and Heavy commercial vehicles.
Currently, the shares of this company are trading at Rs 2,520.35 up by 183.45 points or 7.8 per cent from its previous closing of Rs 2,336.90 on BSE. The scrip opened at Rs 2,349 and has touched a high and low of Rs 2,570.55 and Rs 2,332.10 respectively. So far 29,249 shares were traded on the counter.