Force Motors Stock Surges 4% on Strong April Sales Growth!!
Force Motors shares rise 4% after April sales jump 46%, including a doubling of exports. Total sales surge due to increased demand for commercial and utility vehicles.
In the fiscal fourth quarter, net profit slipped 4% but revenue climbed 35%. EBITDA surged, with a 14% margin, reflecting strong operational performance.
Force Motors, an automobile company, offers a diverse lineup including LCVs, MUVs, SCVs, SUVs, and tractors. Its shares gained a staggering 607% in the last year.
At today 6 May about 9:25 am, shares were trading at Rs 9,774, up 3% from the last close. The company continues to demonstrate growth potential amid robust demand for its vehicles.