Force Motors shares hit 5% upper circuit as net profit grows 395% in Q2
For the July-September quarter of FY24, the company reported a net profit of ₹94 crore, which displays a strong improvement from a net profit of ₹19 crore reported in the same period of last year, which is an increase of 395% YoY.
Force Motors, the Abhay Firodia group's flagship company, saw its shares hit the 5% upper circuit limit of ₹4,053.25 apiece during early trade deals on Friday. This impressive gain came after investors responded positively to the company's Q2FY24 numbers released after market hours on Thursday.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started