India's Force Motors hits all-time high on strong Sept production

Force Motors

06/10/2023 05:58

** Shares of automaker Force Motors  FORC.NS  rise as much
as 3.9% to a record high of 4,173 rupees
    ** Co says its total September production was 3,438 units,
up 33.2% YoY
    ** Total domestic sales was up 7.5% YoY and total exports
was up 73.1% YoY
    ** All of FORC's peers in the Nifty Auto index  .NIFTYAUTO 
barring Balkrishna Industries  BLKI.NS  are up; NIFTYAUTO last
up 0.6%
    ** Force is not a part of Nifty Auto Index
    ** Stock last up 2.1%; it has nearly tripled in value so far
this year

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