Force Motors hits 52-week high, 20% upper circuit on Rs 147 crore Q4 profit versus YoY, QoQ losses

Force Motors shares hit a 52-week high of INR1,718.70 with a 20% upper circuit on 22 June after reporting a consolidated net profit of INR147 crore for the quarter ended 31 March, compared with a loss of INR42.77 crore for the same quarter last year. The auto manufacturer's revenue for the reporting quarter was INR1,490 crore, up 70% YoY. Despite selling pressure in the auto stocks, the small cap stock gained and has rallied by 25%, maintaining a four-session winning streak. Its 1-year returns stand at 62% compared to the Nifty Auto index's 22%.

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