Force Motors is currently trading at Rs. 1433.00, up by 2.50 points or 0.17% from its previous closing of Rs. 1430.50 on the BSE.
The scrip opened at Rs. 1421.00 and has touched a high and low of Rs. 1450.00 and Rs. 1419.15 respectively. So far 938 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1869.00 on 04-Apr-2019 and a 52 week low of Rs. 951.00 on 12-Dec-2019.
Last one week high and low of the scrip stood at Rs. 1502.00 and Rs. 1400.00 respectively. The current market cap of the company is Rs. 1884.86 crore.
The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 5.68% and 32.69% respectively.
Force Motors has lined up Rs 600 crore in fresh investment to develop two new models over the next two years. The proposed new models in the shared mobility space will come out from its soon-to-be-launched premium platform, code-named T1N, an export-focused premium van developed with an investment of Rs 1,000 crore and is getting ready for commercial production by the end of the year.
The BSVI-compliant vehicle will also be available in electric and CNG versions and has been developed over the past four years at an investment of Rs 1,000 crore. The company is building an entirely new bodyshop with robotic and laser-welding facilities with an installed capacity of 35,000 units for T1N, which will be an 18-seater van that boasts of 25 industry-first features.
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.
| Company Name | CMP |
|---|---|
| Tata Motors | 794.85 |
| Ashok Leyland | 222.65 |
| Force Motors | 6852.75 |
| Olectra Greentech | 1423.85 |
| SML Isuzu | 1388.05 |
| View more.. | |
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