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