Introduction:
Auto stock secured an order for 2,429 BSVI Diesel Ambulances from Uttar Pradesh’s Health Department, showcasing its strong position in the healthcare segment with eco-friendly solutions and commitment to enhancing India’s healthcare infrastructure through reliable manufacturing capabilities.
Share Price movement of Force Motors:
On January 2, 2025, Force Motors Ltd opened at ₹6750.00, hit an intraday high of ₹7531.75, marking a 15% increase from the previous close of ₹6631.55, and an intraday low of ₹6635.00 before closing at ₹7208.00. The market cap stood at ₹9394 crore.
Force Motors share price rise:
Force Motors Limited announced securing an order for 2,429 BSVI Diesel Ambulances from the Medical Health and Family Welfare Department, Uttar Pradesh. This significant deal underscores the company’s strong presence in the healthcare vehicle segment.
The ambulances are tailored to meet stringent BSVI standards, reflecting Force Motors’ commitment to providing eco-friendly and reliable solutions. This order highlights the company’s ability to address diverse client needs while adhering to regulatory compliance.
This development reaffirms Force Motors’ role as a trusted supplier in the healthcare sector. The company continues to leverage its manufacturing capabilities to deliver high-quality products, contributing to improved healthcare infrastructure across India.
Also Read: Stocks to Consider for This New Year 2025
Recent news About Force Motors :
Force Motors shares surged 20% on October 30, 2024, reaching ₹7,654 and hitting the upper circuit on BSE. The rise followed strong September quarter results, with the stock opening at ₹7,250.05 against the previous close of ₹6,378.35.
Ace investor holding of Force Motors:
Vanaja Sundar Iyer, a notable ace investor, holds 2,00,000 shares of Force Motors Ltd., valued at ₹144.2 crore. This substantial stake reflects her confidence in the company’s growth prospects and its position in the automotive industry.
Stock performance of Force Motors for Period of 1 week, 6 months and 1 year:
Force Motors showed varied performance across periods. Over the past week, it gained 0.60%. In six months, the stock declined by 22.0%, but over the past year, it delivered a robust return of 78.0%, reflecting strong long-term growth potential.
Shareholding pattern of Force Motors:
| All values in % | Sep-24 | Jun-24 | 45,352 |
| Promoters | 61.63 | 61.63 | 61.63 |
| FII | 7.89 | 7.78 | 6.34 |
| DII | 0.92 | 1.02 | 0.86 |
| Retail & others | 29.56 | 29.57 | 31.16 |
About Force Motors:
Force Motors is a leading Indian automotive manufacturer specializing in commercial vehicles, utility vehicles, and engines. Known for innovation and reliability, it serves diverse sectors with advanced engineering solutions, contributing to India’s automotive growth and global market presence.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
