Force Motors surges on winning order for supply of 2,978 Force Gurkha vehicles to Indian Defence Forces
Force Motors is currently trading at Rs. 9040.45, up by 254.30 points or 2.89% from its previous closing of Rs. 8786.15 on the BSE.
The scrip opened at Rs. 9150.00 and has touched a high and low of Rs. 9444.85 and Rs. 8870.85 respectively. So far 7687 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10272.65 on 29-Apr-2024 and a 52 week low of Rs. 6128.55 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 9444.85 and Rs. 8423.00 respectively. The current market cap of the company is Rs. 11919.58 crore.
The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 9.06% and 29.31% respectively.
Force Motors has won landmark order of 2,978 Force Gurkha vehicles from the Indian Defence Forces. This significant order underscores Force Motors' enduring commitment to supporting India's defence capabilities through its robust range of General Service Vehicles. This association is a matter of pride for the organization, reinforcing the longstanding partnership with the Indian Defence Sector. These vehicles are tailored to meet the diverse operational requirements of both the Indian Anny and the Indian Air Force, showcasing Force Motors' capability to deliver mission-ready vehicles designed to perform in demanding defence environments.
Force Motors has been catering to the defence sector for many years through its Gurkha LSV (Light Strike Vehicle) a vehicle renowned for its durability, off-road prowess, and adaptability. The Force Gurkha, in particular, has been engineered to excel in the most extreme environments, offering unparalleled performance, superior ground clearance, the highest water wading capacity in its class, and exceptional maneuverability.
Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.
