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Force Motors Share Gains 4% on Domestic Sales Boost

Picture Source: Internet

On July 6, 2023, Force Motors’ share price zoomed 4% in the early trade after the company reported better sales for June 2023. Force Motors’ domestic sales augmented by 12.8% at 2,431 units in June against 2,154 vehicles in the previous month.

The company described a 15.3% fall in June manufacturing at 2,394 units versus 2,828 units in May 2023. Its exports also dropped to 440 units from 491 vehicles in May 2023.

At 9.24 am, Force Motors was trading at Rs 2,578.80, up Rs 86.55, or 3.47%, on the BSE.

The share moved a 52-week high of Rs 2,794.80 on July 3, 2023, and a 52-week low of Rs 985 on July 13, 2022. The stock trades 7.73% below its 52-week high and 161.81% above its 52-week low.

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