FORCE MOTORS Surges by 5%; BSE AUTO Index Down 0.2%

January 13, 2020 12:10 PM

FORCE MOTORS share price has zoomed 5% and is presently trading at Rs 1,225.

Meanwhile, the BSE AUTO Index is at 18,522 (down 0.2%).

Among the top Gainers in the BSE AUTO Index today is FORCE MOTORS (up 5.2%).

ASHOK LEYLAND (down 0.1%) and MARUTI SUZUKI (down 0.2%) are among the top losers today.

Over the last one year, FORCE MOTORS has moved down from Rs 1,623 to Rs 1,225, registering a loss of Rs 398 (down 24.6%).

On the other hand, the BSE AUTO has moved down from 20,132 to 18,522, loss of 1,610 points (down 8.6%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were BALKRISHNA INDUSTRIES (up 15.7%), BAJAJ AUTO (up 13.8%) and BHARAT FORGE (up 6.8%).

What About the Benchmark Indices?

The BSE Sensex is at 41,900 (up 0.7%).

The top gainers among the BSE Sensex stocks today are INFOSYS (up 4.7%), COAL INDIA (up 2.2%) and M&M (up 1.4%). Other gainers include HUL (up 1.4%) and ONGC (up 1.0%). The most traded stocks in the BSE Sensex are POWER GRID and INFOSYS.

In the meantime, NSE Nifty is at 12,338 (up 0.6%). INFOSYS (up 4.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,106 to 41,900, registering a gain of 5,794 points (up 16.0%).

FORCE MOTORS Financial Update...

FORCE MOTORS net profit down at Rs 75 million for the quarter ended September 2019, compared to a loss of Rs 273 million a year ago. Net Sales declined 8.6% to Rs 7.6 billion during the period as against Rs 8.3 billion in July-September 2018.

For the year ended March 2019, FORCE MOTORS reported 0.1% increase in net profit to Rs 1.5 billion compared to net profit of Rs 1.5 billion during FY18.

Revenue of the company grew 3.4% to Rs 37 billion during FY19.

The current Price to earnings ratio of FORCE MOTORS, based on rolling 12 month earnings, stands at 16.0x.