Why did the stock of Force Motors rally frenetically on 06 July?
Answer
Answer
Force Motors rallied 13% on 06 July to Rs.1,369 after auto sales in June 2021 more than doubled, selling 1,925 units in June 2021 compared to just 860 units in June 2020. The company witnessed an overall growth of 107% in India sales while the global export business jumped 216% for the month of Jun-21. Force Motors has issued a warning that the stress of COVID 2.0 and a likely Delta variant could be prolonged into FY22.