Force Motors surge by 8 per cent over strong December 2019 sales

The shares of Force Motors jumped over 8 per cent on Monday after the company announced robust sales numbers for December 2019.

The total production rose by 33.20 per cent to 2,379 units in December 2019 from 1,786 units in November 2019. However, on a YoY comparison, the total production fell by around 8 per cent from 2,578 units in December 2018. Total domestic sales saw a growth of 30 per cent in December 2019 to 2,517 units as compared to 1,936 units in November 2019. On a YoY basis, domestic sales in December 2019 a grew by 52.55 per cent from 1,650 units in December 2018.

The companies total exports increased in December 2019 by 30.68 per cent, to 230 units in December 2019 from 176 units in November 2019. On a YoY basis, the companies exports saw an impressive growth of around 390 per cent from 47 units in December 2018.

Force Motors Limited is a company engaged in the manufacturing of light commercial vehicles and utility vehicles and engines. Its product range includes Small Commercial Vehicles (SCV), Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Sports Utility Vehicles (SUV) and agricultural tractors.

At 1 pm on Monday, the stock was trading at Rs 1,188.35, up by 8.53 per cent or Rs 93.40 per share. The 52-week high is recorded at Rs 1,869 and the 52-week low is recorded at Rs 951.