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Multibagger Stock: Auto sector giant Force Motors Limited has announced its quarterly results. Investors flocked to buy the company’s shares on Friday after the quarterly results. Because of this, there was an upper circuit of 5 percent in the company’s shares yesterday. Let us tell you that Force Motors Limited is one of the companies that have made investors rich in the last 6 months.
Big news about drone manufacturing company, money doubled in 5 months
Shares of Force Ltd hit the upper circuit as soon as they opened on BSE on Friday. Shares of the company rose by 5 percent to Rs. reached the level of 4053.25.
Quarterly results made me happy (Force Motors Ltd Q2 Results)
From July to September 2023, the company’s revenue increased by 21 percent to Rs. 1801.68 crores. During this period the net profit of the company was Rs. 93.89 crores. The company’s net profit has seen a year-on-year increase of 36 percent. Let us tell you that the market cap of the company is Rs 5383.56 crore.
Investors buoyed by strong news on defense stocks
Money doubled in 6 months
The share price of Force Motors Limited has seen an increase of more than 200 percent in the last 6 months. At the same time, investors who bought and held the stock a year ago have made a 198 percent profit year-to-date. The company hit a 52-week high of Rs. 4173.95 per share and a 52-week low of Rs. 1085.20 per share.