Force Motors was locked at 20% upper circuit at Rs 391 at 15:16 IST on BSE after the company announced data on production, sales and exports for November 2013.
Meanwhile, the S&P BSE Sensex was down 38.67 points or 0.19% at 20,859.34.
On BSE, 33,000 shares were traded in the counter as against average daily volume of 2,783 shares in the past two weeks.
The stock hit a low of Rs 325 so far during the day.
Force Motors' total production stood at 1,490 units in November 2013, which comprised of production of 100 small commercial vehicles (SCVs), 438 light commercial vehicles (LCVs), 712 utility vehicles (UV) and sports utility vehicles (SUV) and 240 tractors. The company did not unveil production data for the corresponding previous year period i.e. November 2012.
Force Motors' total sales stood at 1,510 units in November 2013, of which domestic sales stood at 1,505 units and exports of 5 units. The company sold 53 SCVs, 589 LCVs, a total of 609 UV & SUVs and 254 tractors in domestic market in November 2013. The company did not unveil sales volume data for the corresponding previous year period i.e. November 2012.
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The company said its gross sales stood at Rs 90.47 crore in November 2013. Net sales stood at Rs 78.52 crore in November 2013.
Force Motors unveiled the monthly production, sales and exports data during trading hours today, 3 December 2013.
Force Motors' net profit surged 40.6% to Rs 26.93 crore on 4.8% decline in net sales to Rs 465.71 crore in Q2 September 2013 over Q2 September 2012.
Force Motors is engaged in the manufacture of LCVs, SCVs, utility vehicles, agricultural tractors and other products related to automobile industry such as diesel engines.
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