Force Motors fell 0.50% to Rs 1,084.60 after consolidated net profit plunged 89.41% to Rs 4.21 crore on a 13.74% decline in net sales to Rs 772.37 crore in Q2 September 2019 compared with Q2 September 2018.
On a standalone basis, Force Motors' net profit slumped 81.02% to Rs 7.53 crore on a 13.74% decline in net sales to Rs 772.28 crore in Q2 September 2019 compared with Q2 September 2018. The Q2 results was declared during trading hours today, 17 October 2019.
Meanwhile, the S&P BSE Sensex was up 382 points or 0.99% to 38,980.74.
On the BSE, 44,844 shares were traded in the counter so far compared with average daily volumes of 5,610 shares in the past two weeks. The stock hit an intraday high of Rs 1,174 and an intraday low of Rs 1,070.50 so far during the day.
The stock hit a 52-week high of Rs 1,980 on 5 November 2018. The stock hit a 52-week low of Rs 1,000.50 on 14 August 2019.
Force Motors is engaged in manufacturing light commercial vehicles and utility vehicles, and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles.
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