FORCE MOTORS Surges by 5%; BSE AUTO Index Up 0.4%
August 19, 2019 09:20 AM

FORCE MOTORS share price has zoomed 5% and is presently trading at Rs 1,180.

Meanwhile, the BSE AUTO Index is at 15,805 (up 0.4%).

Among the top Gainers in the BSE AUTO Index today is FORCE MOTORS (up 5.4%).

ASHOK LEYLAND (down 0.1%) and MOTHERSON SUMI (down 0.7%) are among the top losers today.

Over the last one year, FORCE MOTORS has moved down from Rs 2,464 to Rs 1,180, registering a loss of Rs 1,284 (down 52.1%).

On the other hand, the BSE AUTO has moved down from 24,272 to 15,805, loss of 8,467 points (down 34.9%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were BAJAJ AUTO (up 3.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,510 (up 0.4%).

The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.6%), VEDANTA LTD (up 1.2%) and TATA STEEL (up 1.1%). Other gainers include COAL INDIA (up 1.0%) and TATA MOTORS DVR (up 0.9%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,118 (up 0.6%). SUN PHARMA (up 1.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,664 to 37,510, registering a gain of -154 points (up -0.4%).

FORCE MOTORS Financial Update...

FORCE MOTORS net profit down at Rs 270 million for the quarter ended June 2019, compared to a loss of Rs 273 million a year ago. Net Sales declined 2.9% to Rs 8.0 billion during the period as against Rs 8.3 billion in April-June 2018.

For the year ended March 2018, FORCE MOTORS reported 17.9% decrease in net profit to Rs 1.5 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 1.0% to Rs 35 billion during FY18.

The current Price to earnings ratio of FORCE MOTORS, based on rolling 12 month earnings, stands at 11.7x.