Force Motors lost 5.69% to Rs 446 at 15:09 IST on BSE after Bajaj Holdings & Investment offloaded 0.86% stake in the auto firm on Thursday, 10 July 2014.
Meanwhile, the BSE Sensex was down 335.07 points, or 1.32%, to 25,037.68
On BSE, so far 96,196 shares were traded in the counter, compared with an average volume of 41,513 shares in the past one quarter.
The stock hit a high of Rs 478 and a low of Rs 441.25 so far during the day. The stock hit a 52-week high of Rs 625 on 11 June 2014. The stock hit a 52-week low of Rs 225 on 7 August 2013.
The stock had underperformed the market over the past one month till 10 July 2014, falling 15.21% compared with 0.82% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 24.91% as against Sensex's 11.7% rise.
The small-cap company has an equity capital of Rs 13.18 crore. Face value per share is Rs 10.
Bajaj Holdings & Investment sold 1.14 lakh shares of Force Motors at an average price of Rs 478.83 per share in a bulk deal on NSE on Thursday, 10 July 2014.
Bajaj Holdings & Investment owned 15.94% stake in Force Motors (as per the shareholding pattern as on 30 June 2014).
Force Motors reported net profit of Rs 44.86 crore in Q4 March 2014 as compared to net loss of Rs 23.33 crore in Q4 March 2013. Total income rose 12.5% to Rs 604.19 crore in Q4 March 2014 over Q4 March 2013.
Force Motors is engaged in the manufacture of LCVs, SCVs, utility vehicles, agricultural tractors and other products related to automobile industry such as diesel engines.
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