 "Force Motors zooms 15% on heavy volumes")
Shares of Force Motors have zoomed 15% to Rs 2,833 on the BSE on back of heavy volumes after the exchange raised the circuit limit of the stock from 5% to 20% with effect from today.
The exchange has revised the permissible daily trading limit for shares of company and 363 other companies as part of surveillance action with effect from October 5, 2015, the BSE said in a circular dated October 1, 2015.
The trading volumes on the counter more than doubled with 316,000 shares already changed hands till 10:36 am, against an average 115,000 shares that were traded in past two weeks, the BSE data shows.
The stock of Force Motors, maker of vans, tractors and auto parts, has rallied 44% from its recent low of Rs 1,967 touched on September 7, 2015. It fell 40% from its 52-week high of Rs 3,288 hit on August this year in recent market correction.
The exchange has revised the permissible daily trading limit for shares of company and 363 other companies as part of surveillance action with effect from October 5, 2015, the BSE said in a circular dated October 1, 2015.
The trading volumes on the counter more than doubled with 316,000 shares already changed hands till 10:36 am, against an average 115,000 shares that were traded in past two weeks, the BSE data shows.
The stock of Force Motors, maker of vans, tractors and auto parts, has rallied 44% from its recent low of Rs 1,967 touched on September 7, 2015. It fell 40% from its 52-week high of Rs 3,288 hit on August this year in recent market correction.
