Force Motors share climbs 20 percent

By SiliconIndia   |   Monday, June 29, 2009   |    1 Comments
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Bangalore: Force Motors (FORCEMOT) ended the trading as top gainer of the day, when its share jumped by Rs 20.30 (20 percent) to end at Rs 121.80. When the markets opened, Force's share moved to Rs 108 from Rs 101.50 (previous close) and maintained its momentum throughout the day. The stock ended the trading at high value of the day when it touched a low of Rs.106.50 with a trade of 17,906 shares through the day. The P/E ratio of the stock is 1.16. The share touched a 52 week high of Rs 147 and a low of Rs 54.50. UTI mid cap funds hold the highest number of shares in Force motors with a number of 119144.The stock chart is given on left. Force Motors is a vertically integrated automobile company, with expertise in Design, Development and Manufacture of the full spectrum of Automotive Components, Aggregates and Vehicles. Its range includes three wheelers, multi utility and cross country vehicles, light commercial vehicles, tractors and now heavy commercial vehicles. Force Motors started production of the HANSEAT 3-Wheelers in collaboration with Vidal & Sohn Tempo Werke Germany and went on to establish a strong presence in the 'Light Commercial Vehicles' (LCV) field with the MATADOR. For the financial year ended on March 31, 2008, the company has generated a revenue of Rs 1067,23,68,873. The company concentrates on on satisfying customer needs with high quality, high utility and high technology products through product design, production engineering, hitech manufacturing and innovative marketing. Some related companies also have ended the day on positive node. Mahindra and Mahindra gained by 0.94 percent, Bajaj Auto also ended the trading with a gain of 4.22 percent and MARUTI Suzuki India moved up by 0.68 percent. But, Tata Motors ended the day on loser side with a loss of 7.03 percent.
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