BNP Paribas Offloads Shares Worth ₹122 Crore in Force Motors

Speedy summary

• BNP Paribas sold 65,610 Force Motors equity shares valued at Rs 122 crore in a bulk deal at rs 18,581.1 per share, reflecting a 2% discount from the previous closing price of Rs 18,952.10.
• The stock of Force Motors ended with a decline of 2% on Friday, closing at Rs 18,555.55 on BSE.
• Force Motors is classified as a small-cap company with a market capitalization of Rs 24,183.26 crore.
• The stock has yielded multibagger returns with an increase of 167% over the past year and remains above its key moving averages (50-day SMA: Rs 18,433.9; and 200-day SMA: Rs11,339).
• It has shown high volatility in trading with a beta value of 1.4 over the last year.
• quarterly financials for the period ending June 30th reveal:

– Consolidated net profit: Rs176 crore (+52% YoY increase).
– Revenue: Rs2,322 crore (+22% YoY growth).

• Force Motors operates five manufacturing units across India and offers diverse vehicle products ranging from commercial vehicles to specialty utility models while maintaining over 300 domestic sales touchpoints.
• Internationally exports include regions like Middle East & Gulf areas extending cross-regional broader outreach clientele-bases

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!Force Motors bulk deal

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