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.