Force Motors Stock Jumps 4% on April Sales Surge

Force Motors recently announced a growth in its sales for the April month, which resulted in the company’s share increasing by 4%, reaching Rs. 9880 on Monday. 

Hike in share price

The sales of small and light commercial vehicles as well as utility vehicles increased to 2268 units in April, an increase of 36%.

Increase in sales

Compared to this, in April 2023, Force Motors had sold 1662 units.

YOY Comparison

Its exports also doubled in April this year, reaching 365 units compared to 166 on a YOY basis.

Increase in exports

The company’s shares in the last year have given a return of 607%. The stock was trading in a range of Rs.9470.30 to Rs.9880.00 on Monday from the previous closing of Rs. 9502.05.

Share price hike

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