India's Force Motors up on 12% rise in Dec sales

Force Motors

06/01/2023 04:41

** Shares of Force Motors  FORC.NS  rose 3.4% to 1,560
rupees, highest in over three weeks since Dec. 9, 2022
    ** FORC on Thursday said total sales in December rose 12.3%
to 1,861 units from 1,657 units a year ago
    ** Co recorded its total production at 2,326 units and
exports at 430 units for December
    ** Stock has been trading above its 50-day, 100-day and
200-day simple moving averages, indicating bullish sentiment
    ** Trading volume is ~36k shares, 0.7x of the 30-day avg of
~49k shares, as of 10:00 a.m IST 
    ** Analyst on average have a "strong buy" rating; median PT
is 1,625 rupees - Refinitiv data
    ** Stock had gained nearly 11% in 2022
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))