Shares in Force Motors jumped in trade after the company announced a good set of numbers for the quarter ending Sept 30, 2015. The company reported a solid 65% rise in net profit to Rs 42.48 crores.
The company had posted a net profit of Rs 25.69 crore during the same period of the previous fiscal.Sales at Force Motors rose to Rs 755.97 crore as against Rs 592.37 crore during the same period last fiscal.
Force Motors shares have been rallying sharply in the last one month and on Oct 20, hit a fresh 52-week high. The company has a very small equity base and is listed only on the Bombay Stock Exchange.