{"id":113569,"date":"2023-11-10T16:05:21","date_gmt":"2023-11-10T10:35:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113569"},"modified":"2023-11-10T16:05:26","modified_gmt":"2023-11-10T10:35:26","slug":"auto-stock-hits-5-upper-circuit-after-companys-net-profit-increases-by-367-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-companys-net-profit-increases-by-367-yoy\/","title":{"rendered":"Auto stock hits 5% upper circuit after company&#8217;s net profit increases by 367% YoY\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4264147069\"><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>The shares of this automotive manufacturing company hit a 5 percent upper circuit after announcing strong Q2 FY24 results. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-590225884\"><!-- 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>In six months the shares have delivered a multibagger return of 202 percent to its investors.\u00a0For example, if someone had invested Rs. 1 lakhs six months ago, then the worth of those shares would be Rs. 3.2 lakhs now.\u00a0<\/p><p>With a market capitalization of Rs.5,086 crores, Force Motors Ltd shares opened Friday\u2019s trading session on a positive note. The share hit a 5 percent upper circuit at Rs. 4,053 within a few minutes of the opening bell.\u00a0<\/p><p>Such a positive movement was observed after the company announced its June-September results. The company\u2019s revenue increased by 21 percent from Rs. 1,487.55 crores during the June quarter to Rs. 1,801.68 in the September quarter. In addition, the net profit zoomed by 36 percent from Rs. 68.59 crores to Rs. 93.89 crores during the same time frame.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2825459098\"><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>Comparing these metrics on a YoY basis, the revenue jumped by 42 percent from Rs. 1,264 crores in Q2 FY23 to Rs. 1,801.68 crores in Q2 FY 24. Furthermore, net profit magnified by 367 percent from Rs. 93.89 crores to Rs. 19.28 crores during the same time horizon.&nbsp;<\/p><p>Looking at the important financial ratios, the return on equity (RoE) shifted from a negative 5.08 in FY 21-22 percent to a positive 7.38 percent during FY22-23 and the return on capital employed (RoCE) was improved by -3.35 percent to 12.07 percent during the same period.&nbsp;<\/p><p>According to the latest shareholding pattern, the Promoter has a 61.63 percent stake in the company, the Public or Retail Investors have 31.85 percent holdings, FIIs have 4.94 percent shares, and the remaining 1.58 percent are with DIIs.&nbsp;<\/p><p>Headquartered in Pune, Force Motors Ltd was incorporated in the year 1958. The company is India\u2019s largest van maker. The company is completely vertically integrated, making its own components for the entire product range. The company is known for brands like the Tempo, Matador, Minidor, and Traveller.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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-2029632818\"><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>The shares of this automotive manufacturing company hit a 5 percent upper circuit after announcing strong Q2 FY24 results. In six months the shares have delivered a multibagger return of 202 percent to its investors.\u00a0For example, if someone had invested Rs. 1 lakhs six months ago, then the worth of those shares would be Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"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":[9838,14281,9837,948,936,9839],"class_list":["post-113569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-force-motors-latest-news","tag-force-motors-q2-results-fy24","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&#039;s net profit increases by 367% YoY\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this automotive manufacturing company hit a 5 percent upper circuit after announcing strong Q2 FY24 results.\" \/>\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-companys-net-profit-increases-by-367-yoy\/\" \/>\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&#039;s net profit increases by 367% YoY\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of this automotive manufacturing company hit a 5 percent upper circuit after announcing strong Q2 FY24 results.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-companys-net-profit-increases-by-367-yoy\/\" \/>\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=\"2023-11-10T10:35:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T10:35:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.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=\"2 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-companys-net-profit-increases-by-367-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-5-upper-circuit-after-companys-net-profit-increases-by-367-yoy\/\",\"name\":\"Auto stock hits 5% upper circuit after company's net profit increases by 367% YoY\u00a0 - 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