Force Motors Ltd (FORCEMOT)

Force Motors Unveils New Gurkha; Bookings Open - 30 Apr, 2024

Force Motors has unveiled its new 5-door Gurkha and started accepting bookings for both 3-door and 5-door versions. Dealerships have commenced bookings, indicating an imminent launch in early May 2024.

Force Motors Shares Fall Over 5% - 29 Apr, 2024

Shares of Force Motors fell over 5% after the company reported a dip in its Q4FY24 net profit by 4.3% YoY to Rs 140.3 crore, despite revenue climbing 35% to Rs 2,011.2 crore. The board has proposed a dividend of Rs 20 per equity share for FY23-24.

Force Motors Q4 Revenue Up 34.96%, Profit Down 4.32% YoY - 28 Apr, 2024

Force Motors reported a 34.96% increase in Q4 revenue and a 4.32% decrease in profit YoY. However, compared to the previous quarter, revenue grew by 18.89% and profit increased by 64.24%. EPS for Q4 was ₹106.45, up 260.33% YoY. The stock delivered returns of 22.36% in the last week, 194.42% in the last 6 months, and YTD.

Force Motors Reports Dip in Net Profit for Q4 FY24 - 26 Apr, 2024

Force Motors reported a 4.3% YoY dip in net profit for Q4 FY24, with revenue from operations increasing by 35%. The board of directors recommended a dividend of ₹20 per equity share of ₹10 each.

Force Motors Bullish Trend Continues - 22 Apr, 2024

Force Motors stock continues its bullish trend, forming a bullish candle and breaking above the last four days of highs in a single candle. The overall tone is positive, with prices trading above short-term exponential moving averages. One can buy this stock on dips towards Rs 8,950 for a target of Rs 10,000 or higher.

Force Motors Stock Surges 14% to Hit New High - 19 Apr, 2024

Shares of Force Motors surged 14% to hit a new high of Rs 9,246 on the BSE amid expectations of strong earnings. The stock has more than doubled in the past three months and zoomed 630% in the past year. The board of directors is scheduled to meet on April 26, 2024, to approve the financial results.

Force Motors Teases Interior of New SUV - 18 Apr, 2024

Force Motors has released a teaser of the interior of its upcoming SUV, reigniting rivalry with Mahindra Thar in 3-door & 5-door avatars.

Force Motors Reports Strong Financials and Expansion Plans - 08 Apr, 2024

Force Motors experiences significant growth across various vehicle categories, with domestic sales rising by 33.8% YoY and exports jumping by 296%. The company discontinues its agricultural tractors business and plans to launch Force Gurkha 5-Door.