Force Motors hits 52-week low post November sales

The stock hit a 52-week low of Rs 3,164, down 3% on the BSE in intra-day trade.

Force Motors hits 52-week low of Rs 3,164, down 3% on the BSE in intra-day trade, after the company recorded sales growth of 4% at 1,687 units in the month of November 2017. The car & utilities vehicles maker had sold 1,622 units in November 2016. It had recorded total sales of 2,539 units in October 2017.

In past three months, the stock underperformed the market by falling 22% as compared to 3% rise in the S&P BSE Sensex.

Force Motors said the sales of small commercial vehicles (SCVs) & light commercial vehicles (LCVs) were 5.5% lower at