Shares of the Mumbai-based utility car maker – Power Motors – rose as a lot as 5 per cent to hit an intraday excessive of Rs 1,555.40 after the corporate publish market hours on Tuesday reported its gross sales and manufacturing numbers for the month of September. Power Motors’ home gross sales in September superior 39 per cent to 1,968 models in contrast with 1,418 models offered throughout the identical month final yr. Its manufacturing in September jumped 44 per cent to 2,159 models. Power Motors’ gross sales from exports jumped 25 per cent to 272 models, the corporate’s alternate submitting confirmed.
Within the month of September Power Motors offered 1,144 models of small industrial autos (scv) and lightweight industrial car whereas gross sales for utility autos (uv), sports activities utility autos (suv) and tractors got here in 824 models.
Manufacturing for Small and lightweight industrial autos got here in at 1,391 models and it produced 768 sports activities utility autos (suv), tractors and utility autos.
A complete of 5,607 shares Power Motors shares modified fingers on the BSE in contrast with a median of 4,923 shares traded day by day prior to now two weeks. On the Nationwide Inventory Trade, 1.45 lakh shares of the corporate modified fingers by 12:06 pm.
Power Motors shares have to date this yr superior 14.24 per cent, underperforming the Sensex which has gained 26 per cent.
As of 12:08 pm, Power Motors shares traded 2.2 per cent increased at Rs 1,514, outperforming the Sensex which was up 0.22 per cent.