{"id":109331,"date":"2023-09-07T17:31:28","date_gmt":"2023-09-07T12:01:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109331"},"modified":"2023-09-07T17:31:34","modified_gmt":"2023-09-07T12:01:34","slug":"auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/","title":{"rendered":"Auto stock hits 5% upper circuit after company reports strong production and sales growth"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1330875448\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2250089392\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock has been on an uptrend since April 2023 and currently locked in 6% above its 20 day moving average and 97% above its 200 day moving average. The stock holds a market cap of Rs. 4,735 crore and is 1% away from its 52 week high.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/FORCEMOT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Force Motors Ltd\u2019s<\/a><\/strong> (\u201dForce\u201d) trading volumes grew 25% over yesterday\u2019s volumes and 41% over the weekly average volume. The stock is a multibagger, returning 173% over a 1 year period, 224% over a 3 year period and 162% YTD. Meaning if you invested Rs. 1 lakh into Force 1 year ago, it would now be worth over Rs. 2.7 lakh! The company also has a strong financial book indicated by a Piotroski F score of 8.\u00a0<\/p><p>In a filing dated 6th September 2023, Force Motors reported monthly sales and production volumes. The company&#8217;s products comprises Small Commercial Vehicles (SCV) plus Light Commercial Vehicles (LCV) and Utility Vehicles (UV) plus Sports Utility Vehicles (SUV) &amp; Tractors. The production of <strong>SCVs &amp; LCVs grew 39% YoY <\/strong>from 1,699 units to 2,360 units; production of UVs &amp; SUVs grew 1% YoY from 663 units to 672 units, implying <strong>total production growth of 28% YoY<\/strong> from 2,362 units to 3,032 units.<\/p><div class=\"trade-content_5\" id=\"trade-3667768928\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The domestic <strong>sales of SCVs &amp; LCVs grew 56% YoY<\/strong> from 1,241 units to 1,939 units; domestic sales of <strong>UVs &amp; SUVs grew 16% YoY <\/strong>from 572 units to 662 units, implying total domestic sales growth of 43% YoY from 1,813 units to 2,601 units. <\/p><p>The exports of SCVs &amp; LCVs grew 63% YoY from 414 units to 673 units; export of UVs &amp; SUVs grew from 0 units to 2 units, implying total exports growth of 63% YoY from 414 units to 675 units.\u00a0<\/p><p>Force Motors is an integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India and abroad. The company\u2019s shareholding has been stable over the past 4 quarters. Promoters hold 62% with no pledges, FIIs &amp; DIIs hold 6% and the rest being held by the retail public. The stock has no short interest.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1223342141\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023. The stock has been on an uptrend since April 2023 and currently locked in 6% above its 20 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11817,9837,948,936,9839],"class_list":["post-109331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-force-motors-sales-and-pruction-growth-2023","tag-force-motors-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-force-motors-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto stock hits 5% upper circuit after company reports strong production and sales growth - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto stock hits 5% upper circuit after company reports strong production and sales growth\" \/>\n<meta property=\"og:description\" content=\"This S&amp;P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-07T12:01:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-07T12:01:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/\",\"name\":\"Auto stock hits 5% upper circuit after company reports strong production and sales growth - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg\",\"datePublished\":\"2023-09-07T12:01:28+00:00\",\"dateModified\":\"2023-09-07T12:01:34+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"This S&P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Auto stock hits 5% upper circuit after company reports strong production and sales growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Auto stock hits 5% upper circuit after company reports strong production and sales growth - Trade Brains Features","description":"This S&P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/","og_locale":"en_US","og_type":"article","og_title":"Auto stock hits 5% upper circuit after company reports strong production and sales growth","og_description":"This S&P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023.","og_url":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-09-07T12:01:28+00:00","article_modified_time":"2023-09-07T12:01:34+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/","url":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/","name":"Auto stock hits 5% upper circuit after company reports strong production and sales growth - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg","datePublished":"2023-09-07T12:01:28+00:00","dateModified":"2023-09-07T12:01:34+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"This S&P BSE Smallcap stock hit its 5% upper circuit on Thursday within the first hour of market open after it reported phenomenal growth in monthly sales volume and production volumes for the month of August 2023.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Markets-7-Cover-Image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-company-reports-strong-production-and-sales-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Auto stock hits 5% upper circuit after company reports strong production and sales growth"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/109331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=109331"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/109331\/revisions"}],"predecessor-version":[{"id":109332,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/109331\/revisions\/109332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/28546"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=109331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=109331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=109331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}