Force Motors surges 11% in a weak market as December sales jump 62% YoY

Shares of Force Motors rallied nearly 11 per cent to quote at Rs 1,217 on the BSE on Monday after the automobiles company's vehicle sales jumped 62 per cent year on year (YoY) in December.

The stock was trading at its highest level since September 24, 2019 in an otherwise weak market. The S&P BSE Sensex was down 1.2 per cent at 40,985 points at 10:24 am. The trading volumes on the counter jumped three-fold with a combined 412,648 equity shares changing hands on the NSE and BSE till the time of writing of this report.

Force Motors, which is engaged in