Force Motors jumped 10.23% to Rs 431 at 09:22 IST on BSE, with the stock extending its recent rally.
Meanwhile, the S&P BSE Sensex was down 44.40 points or 0.21% at 20,810.52
On BSE, 16,981 shares were traded in the counter as against average daily volume of 2,229 shares in the past one quarter.
The stock hit a high of Rs 437 and low of Rs 407.50 so far during the day. The stock hit a 52-week high of Rs 525 on 11 December 2012. The stock hit a 52-week low of Rs 225 on 7 August 2013.
The small-cap company has an equity capital of Rs 13.18 crore. Face value per share is Rs 10.
Shares of Force Motors have been on a roll recently, with the stock surging 50.38% in six trading days from a recent low of Rs 286.60 on 26 November 2013. The stock jumped by its maximum permissible level of 20% to Rs 391 on Tuesday, 3 December 2013 after the company during trading hours on Tuesday, 3 December 2013 said that total production stood at 1,490 units in November 2013, which comprised of production of 100 small commercial vehicles (SCVs), 438 light commercial vehicles (LCVs), 712 utility vehicles (UV) and sports utility vehicles (SUV) and 240 tractors. The company did not unveil production data for the corresponding previous year period i.e. November 2012.
Force Motors' total sales stood at 1,510 units in November 2013, of which domestic sales stood at 1,505 units and exports of 5 units. The company sold 53 SCVs, 589 LCVs, a total of 609 UV & SUVs and 254 tractors in domestic market in November 2013. The company did not unveil sales volume data for the corresponding previous year period i.e. November 2012.
The company said its gross sales stood at Rs 90.47 crore in November 2013. Net sales stood at Rs 78.52 crore in November 2013.
Force Motors' net profit surged 40.6% to Rs 26.93 crore on 4.8% decline in net sales to Rs 465.71 crore in Q2 September 2013 over Q2 September 2012.
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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