India's Force Motors up on posting Q3 profit

Force Motors

12/02/2024 09:21

** Shares of Force Motors  FORC.BO  up 3.4% at 4,279.95
rupees, its highest price since Nov. 30, 2023
    ** Co posts Q3 profit vs loss last year
    ** Stock climbed last week on monthly sales rise in Jan
    ** Since Oct and Nov 2023, auto stocks rallied on strong Q2
results to record highs and extended gains over the last month
on good Q3 performances
    ** FORC's commercial vehicle-maker rival Ashok Leyland
 ASOK.NS  beat Q3 profit view last week

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))