Force Motors Ltd reports 60.54% YoY drop in December 2020 sales

Force Motors Ltd has announced the sales figures for the month of December 2020. The company has sold 1084 units in December 2020 as compared to 2747 units in December 2019, a drop of 60.54% year-on-year.

The company has produced 691 units of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) during December 2020 as against 1757 units in December 2019. The company has produced 567 units of Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors in December 2020 as compared to 622 in December 2019.

The company has sold 366 units of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) in the domestic market during December 2020 as against 1762 units in December 2019. The company has reported sales of 421 units of Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors in the domestic market during December 2020 as compared to 755 units in December 2019.

The company announced exports of 277 units of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) during December 2020 as against 228 units in December 2019. The company has sold 20 units of Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors through exports during December 2020 as compared to 2 units in December 2019.

Shares of FORCE MOTORS LTD. was last trading in BSE at Rs.1387.15 as compared to the previous close of Rs. 1370.25. The total number of shares traded during the day was 7301 in over 843 trades.

The stock hit an intraday high of Rs. 1414 and intraday low of 1371.7. The net turnover during the day was Rs. 10174664.

Source : Equity Bulls

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