12333.4000 581.70 (4.95%)
BSE May 29, 2025 15:31 PM
Volume: 14,403
 

12333.40
4.95%
Systematix Group
Since our first coverage of Force Motors Ltd. (FML) in February 2015, the stock has more than doubled, in just about 8 months. With all segments of its business poised for an uptick, trading at 23.1X its FY17E EPS, we believe it is strong long term investment idea. FML is automobile company with focus on designing, development and manufacturing of vehicles mainly LCV, UV's and tractors and auto components. FML enjoys the market leadership position of 61% share in the LCV passenger segment in India. Force also has technical collaboration with Daimler AG, Germany in respect of multi-purpose passenger vehicles. FML partnered with Indian arm of German luxury auto maker BMW in its strategy for...
Force Motors Ltd. has gained 86.81% in the last 3 Months
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