Force Motors stock jumps 10%, hits 8-week high on winning ambulance order from UP government
6 days, 23 hours ago

Force Motors stock jumps 10%, hits 8-week high on winning ambulance order from UP government

Live Mint  

Stock Market Today: Force Motors, the flagship company of the Abhay Firodia Group, saw its shares surge 9.46% in intraday trade on January 02 to an 8-week high of ₹7,256 apiece after securing a significant order for diesel ambulance vehicles. In a regulatory filing today, the company informed investors that it has received an order to supply 2,429 units of BSVI Diesel Ambulances to the Medical Health and Family Welfare Department, Uttar Pradesh. While sales of Force Motors' own vehicles fell 19% during the quarter, the company benefited from the surging demand for luxury vehicles in the world's third-largest car market. Stock up nearly 500% in the last 3 years The company's shares have maintained a strong upward trend over the last three years, consistently breaking new records and setting new milestones, rewarding shareholders handsomely.

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Force Motors shares hit 5% upper circuit as net profit grows 395% in Q2
1 year, 1 month ago

Force Motors shares hit 5% upper circuit as net profit grows 395% in Q2

Live Mint  

Force Motors, the Abhay Firodia group's flagship company, saw its shares hit the 5% upper circuit limit of ₹4,053.25 apiece during early trade deals on Friday. For the July-September quarter of FY24, the company reported a net profit of ₹94 crore, which displays a strong improvement from a net profit of ₹19 crore reported in the same period of last …

Rising fuel prices, covid cases fail to dent car sales
3 years, 9 months ago

Rising fuel prices, covid cases fail to dent car sales

Live Mint  

Wholesale dispatches of cars, utility and commercial vehicles continued to improve in March, compared to February, on the back of sustained improvement in economic activity and shift in customer preference towards personal mobility to avoid covid-19 infection. Vehicle dispatches of the country’s second largest auto manufacturer, Hyundai Motor India Ltd, rose by 1.93% to 52,600 units in the month on …

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