FORCE MOTORS Share Price Up by 5%; BSE AUTO Index Up 1.0%
August 19, 2020 09:59 AM

FORCE MOTORS share price has zoomed 5% and is presently trading at Rs 1,007.

Meanwhile, the BSE AUTO Index is at 18,101 (up 1.0%).

Among the top Gainers in the BSE AUTO Index today is FORCE MOTORS (up 5.1%).

APOLLO TYRES (down 0.2%) and BHARAT FORGE (down 0.5%) are among the top losers today.

Over the last one year, FORCE MOTORS has moved down from Rs 1,300 to Rs 1,007, registering a loss of Rs 294 (down 22.6%).

On the other hand, the BSE AUTO has moved up from 15,655 to 18,101, registering a gain of 2,446 points (up 15.4%) during the last 12 months.

The top buzzing stocks among the BSE AUTO Index stocks during this same period were BALKRISHNA INDUSTRIES (up 84.8%), EICHER MOTOR (up 31.8%) and MOTHERSON SUMI (up 31.2%).

What About the Benchmark Indices?

The BSE Sensex is at 38,789 (up 0.4%).

The top gainers among the BSE Sensex stocks today are SBI (up 1.7%), BAJAJ AUTO (up 1.5%) and ICICI BANK (up 1.2%). Other gainers include L&T (up 1.0%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are SBI and NTPC.

In the meantime, NSE Nifty is at 11,460 (up 0.4%). The top gainers in the NSE Nifty include ZEE ENTERTAINMENT (up 3.4%), GAIL (up 2.5%) and HERO MOTOCORP (up 1.9%). Other gainers include SBI (up 1.7%) and TATA MOTORS (up 1.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,402 to 38,789, registering a gain of 1,387 points (up 3.43%).

FORCE MOTORS Financial Update...

FORCE MOTORS net profit down at Rs 83 million for the quarter ended March 2020, compared to a loss of Rs 154 million a year ago. Net Sales declined 24.8% to Rs 6.5 billion during the period as against Rs 8.7 billion in January-March 2019.

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 22.8x.