Force Motors shares rose over 10% on January 2 as the company bags order for 2,429 units of diesel ambulance to Health & Family Welfare Dept, Uttar Pradesh.
The nature of the contract is manufacturing and supply of 2,429 units of BSVI Diesel Ambulance and the contract is to executed by March 2025, said Force Motors in a stock exchange filing.
At 3:05 pm on January 2, Force Motors shares were trading 10% higher at Rs 7,300 apiece. The market capitalisation of the stock is Rs 9,657 crore. The 52-week high of the stock is Rs 10,277 crore and 52-week low is Rs 4,250.
The Pune-based company is a midcap player in the auto-trucks industry.
In the second quarter, the company registered a consolidated net profit of Rs 134 crore as compared to Rs 92.4 crore a year ago which implies a 43 per cent rise.
The revenue of Force Motors for the quarter under review came in at Rs 1,941.33 crore, up 7.8 per cent, as compared to Rs 1,802 crore a year ago.
The company's total income increased 7.6 per cent to Rs 1,949.9 crore in the quarter under review as compared to Rs 1,810.74 crore.
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