Force Motors Ltd.

NSE: FORCEMOT | BSE: 500033 | ISIN: INE451A01017 | Industry: Cars & Utility Vehicles
| Mid-range Performer
8872.5500 151.65 (1.74%)
BSE Apr 15, 2025 15:31 PM
Volume: 7,622
 

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Force Motors Ltd.
15 Oct 2015, 12:00AM
8872.55
1.74%
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. is trading above all available SMAs
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