Moneycontrol Bureau
Force Motors shares rallied nearly 4 percent intraday Monday after reporting strong sales performance in the month gone by.
The Pune-based auto company sold 2,797 vehicles in February, a growth of 1.3 percent over 2,761 units sold in a year-ago month but the month-on-month growth was outstanding, up 29.3 percent.
In the domestic market, it sold 1,417 units (against 1,116 units MoM) of small commercial vehicle and light commercial vehicle while under utility vehicle, small utility vehicle and tractors segment, it sold 1,074 units during the month against 1,046 units in previous month.
Its exports in February month stood at 306 units against 191 units in January.
At 14:32 hours IST, the stock was quoting at Rs 4,332.00, up Rs 101.75, or 2.41 percent.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.