Tuesday, 5 December 2017

Force Motors trading flattish in response to November volume numbers

Force Motors Limited (FML) registered sales growth of 4% increasing from 1,622 units in November 2016 to 1,687 units in the month of November 2017.
Sales of SCVs and LCVs were 5.5% lower at 812 units in November 2017 vs. 859 units in November 2016. Sales of UVs, SUVs and Tractors at 875 units in November 2017 were 15% higher than the figure of 763 units sold in November 2016.

Exports, which constitute a small percentage (3%) of overall volumes were up 73% at 52 units in November 2017 vs. 30 units in November 2016.

The stock of FML was flattish (+0.10%) in response to its volume numbers, trading at Rs3,270/share at 10:18am. The stock attracted a total traded quantity of 20,000. The company has seen its consolidated revenues and PAT grow at 15% and 32% CAGR respectively over past three years and is almost debt-free.
FML is engaged in manufacturing light commercial vehicles, utility vehicles and engines. It is an automobile company, with a focus on design, development and manufacture of a range of automotive components, aggregates and vehicles. 

BUY BANK NIFTY 7TH DEC 25300 PUT ABOVE 300 TG 330, 380 SL 250,

BUY IRB INFRA 215 PUT ABOVE 8.50 TG 9.20, 10.10, 11 SL 7.20,


1 comment:

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