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Force Motors has rallied over 9% to Rs 1,555 on the Bombay Stock Exchange (BSE) after reporting 18% year on year total vehicles sales at 3,771 units in the month of March 2015 on back strong performance by the light commercial vehicles (LCVs) segments. The company had sold 3,193 vehicles in the same month last year.
Total LCVs sales increased 24% at 1,892 units in the month of March 2015 against 1,529 units in March 2014, Force Motors, a commercial and passenger vehicles maker said in a statement.
However, export sales more than halved with the company exported 42 units in the month of March 2015, against 98 units in corresponding month last year.
The stock opened at Rs 1,428 and touched a record high of Rs 1,575 on the BSE. The trading volumes on the counter jumped an over three-fold with 216,000 shares changing hands till 1038 hours against an average 76,000 shares that were traded daily in past two weeks on the BSE.
Total LCVs sales increased 24% at 1,892 units in the month of March 2015 against 1,529 units in March 2014, Force Motors, a commercial and passenger vehicles maker said in a statement.
However, export sales more than halved with the company exported 42 units in the month of March 2015, against 98 units in corresponding month last year.
The stock opened at Rs 1,428 and touched a record high of Rs 1,575 on the BSE. The trading volumes on the counter jumped an over three-fold with 216,000 shares changing hands till 1038 hours against an average 76,000 shares that were traded daily in past two weeks on the BSE.
