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Force Motors

Discussion in 'Portfolio Updates' started by shabbir, Aug 12, 2017.

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  1. shabbir

    shabbir Administrator Staff Member

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    This is not a stock recommendation and just sharing the information that is available in the public domain along with contract notes to remain fully transparent.

    Force Motors is one of those few auto sector stocks that have very unique product mix like the Force Traveller Van and there isn't any alternative to it in the Indian market. Though they failed in the launch of their SUV, it is still showing a 20%+ sales growth for the last 5 years.

    This quarterly results were weak and this was the case with all major auto companies because we know 31 March every auto company had good promotion and booking for BSIV and so that could have impacted the sales in the subsequent quarters.

    Due to the weakness in its quarterly sales, the stock has tanked 10% from 4200+ levels and I plan to accumulate this stock in the next few weeks between 4000 and 3500 and further below.

    Has added 10 units as of yesterday. Contract notes attached.
     

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    shabbir, Aug 12, 2017
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  2. akashgupt81

    akashgupt81 Active Member

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    Shabbir, what is your view if we try find out the companies with are in position to opt electric vehicle manufacturing. As per government plan in next 15 yr they want to replace petrol and diesel vehicles with electric vehicle

    Sent from my Lenovo P2a42 using DIY Technical Analysis mobile app
     
    akashgupt81, Aug 12, 2017
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  3. shabbir

    shabbir Administrator Staff Member

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    Yes and that is why I have good position in Amara Raja https://www.diytechnicalanalysis.com/community/threads/amara-raja-batteries-4th-july-2017.2737/

    Apart from that we have little information about which company is eyeing for the EV. Bajaj is coming up with scooter and Ashok Leyland with bus but then it is planning for a battery replacement.
     
    shabbir, Aug 12, 2017
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  4. surajbj

    surajbj Member

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    surajbj, Aug 12, 2017
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  5. shabbir

    shabbir Administrator Staff Member

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    I don't like companies has higher than 1 debt to equity ratio.
     
    shabbir, Aug 12, 2017
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  6. vijay_kumar

    vijay_kumar New Member

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    In your to-day's posting explaining HEDGING, you have disclosed your stock portfolios. We can see Amra Raja, Divis Lab, Jubiliant, Pidilite. Zydus Wellness BUT no mention of FORCE MOTOR.

    Also can you suggest a portfolio I should be holding for a decent appreciation based on 6 to 12 months holding.

    VIJAY KUMAR
     
    vijay_kumar, Aug 14, 2017
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  7. vijay_kumar

    vijay_kumar New Member

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    I am a old member since 21st JULY 2017 (Rs 997/ paid on that date) but have created a new face book account now. Please do the needful
     
    vijay_kumar, Aug 14, 2017
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  8. shabbir

    shabbir Administrator Staff Member

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    The article was written prior to taking that screenshot. The Force motors is added on 11th August and Igot the contract notes on 12th but the article was written around that time only and before I can add it to my portfolio.
     
    shabbir, Aug 15, 2017
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  9. shabbir

    shabbir Administrator Staff Member

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    Doesn't matter as long as your email is upto date. If you have changed your email please personal message me your email and I will do the needful.
     
    shabbir, Aug 15, 2017
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  10. darshan_bhatt

    darshan_bhatt Member

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    Force motors is getting in to EV , as they are forming new team for this project and very much aggressive about ev.

    Sent from my ONEPLUS A3003 using DIY Technical Analysis mobile app
     
    darshan_bhatt, Aug 18, 2017
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  11. shabbir

    shabbir Administrator Staff Member

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    I am also aggressively getting into it. Added 10 more today at around 3887. Contract notes coming soon.
     
    shabbir, Aug 18, 2017
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  12. shabbir

    shabbir Administrator Staff Member

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    Added 10 more Force motors to my portfolio. Contract notes attached.

    The sell of Ashok Layland is now making a move for Force Motors.
     

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    shabbir, Aug 19, 2017
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  13. shabbir

    shabbir Administrator Staff Member

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    shabbir, Aug 19, 2017
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  14. shabbir

    shabbir Administrator Staff Member

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    shabbir, Aug 19, 2017
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  15. yaljpmib

    yaljpmib Member

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    yaljpmib, Aug 20, 2017
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  16. Suresh_Sinha

    Suresh_Sinha Active Member

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    Added force motors to my investment kitty as well
     
    Suresh_Sinha, Aug 22, 2017
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  17. brijesh_chokshi

    brijesh_chokshi Member

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    brijesh_chokshi, Aug 23, 2017
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  18. shabbir

    shabbir Administrator Staff Member

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    shabbir, Aug 23, 2017
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  19. shabbir

    shabbir Administrator Staff Member

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    Added 10 more Force motors to my portfolio at 3797.

    I had plans to purchase later in the week but did got my price and so went for it. Contract notes attached.
     

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    shabbir, Aug 24, 2017
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  20. shabbir

    shabbir Administrator Staff Member

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    Merged the force motors thread purchase contract notes thread into one.

    Adding more and more force motors of now.
     
    shabbir, Aug 24, 2017
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