Force Motors share price gains 4% on domestic sales boost

The company’s exports, however, has declined to 440 units in June from 491 vehicles in May

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Force Motors share price gained 4 percent in the early trade on July 6 after the company reported better sales for the month of June 2023. Force Motors‘ domestic sales increased by 12.8 percent at 2,431 units in June against 2,154 vehicles in the previous month.

The company reported a 15.3 percent fall in its June production number at 2,394 units against 2,828 units in May 2023. Its exports, too, dropped to 440 units from 491 vehicles in May 2023.

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At 9.24 am, Force Motors was quoting at Rs 2,578.80, up Rs 86.55, or 3.47 percent, on the BSE.

The share touched a 52-week high of Rs 2,794.80 on July 3, 2023 and a 52-week low of Rs 985 on July 13, 2022. The stock is trading 7.73 percent below its 52-week high and 161.81 percent above its 52-week low.