Force Motors surges 11% post March sales numbers

The stock moved higher by 11 per cent to Rs 1,869 on the BSE on back of heavy volumes after the company reported total sales of 4,117 units in the month of March 2019.

Shares of Force Motors moved higher by 11 per cent to Rs 1,869 on the BSE on Thursday on the back of heavy volumes after the company reported total sales of 4,117 units in March. The stock hit an intra-day low of Rs 1,661 today.

On a month-on-month basis, total sales grew 61 per cent, as the company had sold 2,563 units in February. However, on a year-on-year basis, its down 9 per cent. The company sold 4,518 units in March 2018.

Force Motors reported total domestic sales of 4,036 units in March 2019. While the domestic small commercial vehicles