Force Motors Ltd reports 12.75% YoY drop in September 2020 sales

Force Motors Ltd has announced the sales figures for the month of September 2020. The company has sold 1636 units in September 2020 as compared to 1875 units in September 2019, a drop of 12.75% year-on-year.

The company has produced 867 units of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) during September 2020 as against 1074 units in September 2019. The company has produced 635 units of Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors in September 2020 as compared to 808 in September 2019.

The company has sold 804 units of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) in the domestic market during September 2020 as against 899 units in September 2019. The company has reported sales of 614 units of Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors in the domestic market during September 2020 as compared to 826 units in September 2019.

The company announced exports of 198 units of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) during September 2020 as against 130 units in September 2019. The company has sold 20 units of Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors through exports during September 2020 as compared to 20 units in September 2019.

Shares of FORCE MOTORS LTD. was last trading in BSE at Rs.1072 as compared to the previous close of Rs. 1058.1. The total number of shares traded during the day was 3172 in over 502 trades.

The stock hit an intraday high of Rs. 1092.75 and intraday low of 1055. The net turnover during the day was Rs. 3403631.

Source : Equity Bulls

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