India's Force Motors jumps to record high on Q1 profit

Force Motors

10/08/2023 05:13

** Shares of India's Force Motors  FORC.NS  rise as much as
10% to hit a record high of 3,040.10 rupees 
    ** Automaker posts sharpest intraday climb since June 6
    ** After market hours on Wednesday, co reported a profit for
June quarter vs a loss in the year-earlier period
    ** Revenue jumped more than 50% 
    ** More than 33,750 shares change hands by 9:23 a.m. IST, 
0.5x 30-day avg 
    ** Including session's gains, stock up about 119% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))