Force Motors is currently trading at Rs. 971.00, up by 26.95 points or 2.85% from its previous closing of Rs. 944.05 on the BSE.
The scrip opened at Rs. 960.70 and has touched a high and low of Rs. 971.90 and Rs. 954.55 respectively. So far 837 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1502.00 on 21-Jan-2020 and a 52 week low of Rs. 580.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 991.70 and Rs. 917.95 respectively. The current market cap of the company is Rs. 1278.10 crore.
The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 5.37% and 33.00% respectively.
Force Motors is undertaking enterprise-wide cost optimisation in all areas of its vehicle business in the wake of slowdown in auto sector, impact of BSVI transition and the coronavirus pandemic. The key focus is to build business resilience by looking at all aspects of costs straddling material, manufacturing, logistics and support cost elements. The multiyear program titled ‘Accelerate’ will help Force Motors realign its cost structure while strengthening the businesses ability to react to the volatile environment at both ends of the value chain.
Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.
