Hi Varun,
Since you have entered in Atul Auto and looking at tata Motors Could I request you to look at Force Motors and provide your Views.
I owned this stock for brief period in the recent run up and than sold it on its way down for small profit only.
The Reason of selling was
Just came across an old news article about their management purchasing an aircraft for their plant visits in Indore from Pune.
In their AR they themselves did not sound to optimistic except their Force Traveller
In their AR they had no mention of the Engine manufacturing for BMW and Merc.
The reason for taking a position was
Their Force Traveller is present all over Gurgaon
Now even Force Trax is being visible in various parts of Gurgaon
The News that they would be producing engines for Merc and BMW.(They also produces axles for
these luxury cars)
Promoter have increased their stake in last one year.
At one point of time I was invested in both Atul Auto and Force Motors but to me 3 wheeler Market over all is slowing down however the trend of Using Force traveller as shuttle and Cabs in IT and other Service industries is growing so I was biased towards this.
Regards,
Kapil
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