Financial Daily from THE HINDU group of publications
Friday, Feb 24, 2006


Group Sites

Markets - Stock Markets
Columns - Ear to the ground

Revamp buzz triggers Force Motors

Force Motors (earlier Bajaj Tempo) shot up by 49 per cent over the last one-month period on talk of company restructuring and new launches of commercial vehicles later this year or early 2007, dealers said.

From Rs 400.35 a month ago, the company's share prices rose to Rs 599 on Thursday on the BSE. The recent joint venture with Man Commercial Vehicles group for heavy trucks was also expected to boost the company's revenues, they said. The joint venture will produce trucks for the entire Asian area.

In the medium term, the company plans to produce 24,000 vehicles per annum.

Rajesh Abraham

More Stories on : Stock Markets | Ear to the ground | Two/Three Wheelers

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section offers lifetime prepaid offer

Benchmark Mutual moots foreign currency fund — Mr Vishal Jain is fund manager of these open-ended liquid schemes
Volatile movement
Markets are peaking out, says expert — Turns cautious on Indian equities, bets on commodities
IFCI: Counting on bail-out formula
Revamp buzz triggers Force Motors
Last-hour selling cuts Sensex gains
IPO scam: Transit remand for accused
Discount retail chain Subhiksha plans IPO — Proposes to roll out stores across the country soon
SEBI chief for realistic pricing of IPOs — `MFs invested significantly in last few months'
HPCL Punjab refinery financial closure by May
No problem with tribals: Visa Steel

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line