&w=3840&q=100)
Smallcap auto stock soars 12%, nears record high; what's behind the rally?
Shares of Force Motors, a leading manufacturer of rugged and reliable vehicles, moved higher by 12 per cent to hit a fresh 52-week high of ₹9,991 on the BSE in Friday's intraday deals after the company reported a healthy operational performance in the March 2025 quarter (Q4FY25).
Stock price of the smallcap automobile company surpassed its previous high of ₹9,885.05, which it had touched on May 6, 2024. It has bounced back 61 per cent from its February low of ₹6,210.55, hit on the BSE. Meanwhile, the stock had hit an all-time high of ₹10,272.65 on April 29, 2024.
Force Motors Q4 results:
For the January to March 2025 quarter (Q4FY25), Force Motors' reported profit before exceptional items and tax increased by 27.2 per cent year-on-year (Y-o-Y) and 56 per cent quarter-on-quarter (Q-o-Q) to ₹268.11 crore. Revenue from operations grew 17 per cent Y-o-Y and 24.7 per cent Q-o-Q to ₹2,355.89 crore.
Exceptional items in the quarter represented exceptional income of ₹394.57 crore, being Government Incentives, as per the Madhya Pradesh Industrial Investment Promotion Assistance Scheme, 2010, recognised on the basis of sanction orders dated February 21, 2025, received in March, 2025, for FY 2022-23 and FY 2023-24. Out of the said sanctioned amount of ₹394.57 crore, Force Motors said the company has received disbursement amounting to ₹294.57 crore.
Force Motors to supply over 2,900 Force Gurkha vehicles to the Indian Defence Forces
On March 27, 2025, Force Motors announced a landmark order of 2,978 vehicles from the Indian Defence Forces. The company has to deliver 2,978 Force Gurkha light vehicles (GS 4X4 800 kg Soft Top) to the Indian Defence Forces. The order was awarded by Directorate General of Capb, Devp (CD-13/14) General Staff Branch, IHQ of MoD (Army), New Delhi.
These vehicles are tailored to meet the diverse operational requirements of both the Indian Army and the Indian Air Force, showcasing Force Motors' capability to deliver mission-ready vehicles designed to perform in demanding defence environments, the company said in an exchange filing.
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.
About Force Motors
Founded in 1958, Force Motors began its journey with an aim to provide affordable, reliable, and efficient transportation to the masses. Today, it stands as a fully integrated automobile company, specialising in the engineering, development, and manufacture of vehicles, aggregates, and components.
Force Motors is a versatile automotive company with the capability to cater to diverse international markets by offering customized, country-specific solutions. Its formidable product range spans light commercial vehicles and multi-utility vehicles, and its export presence extends to the Middle East and Gulf region, Asia, Latin America, and Africa.
Mercedes-Benz and BMW assigned Force Motors the responsibility of producing and testing engines for all cars and SUVs manufactured in India. Every Mercedes-Benz vehicle made in India is powered by an engine produced at Force Motors in Chakan Pune.
Force MTU Power Systems Pvt. Ltd. is a joint venture between Force Motors and Rolls-Royce Power Systems AG. The venture specialises in producing 10 and 12-cylinder Series 1600 engines, ranging from 545 hp to 1050 hp, at its manufacturing facility in Chakan, Pune. These engines are supplied globally for power generation and underfloor rail applications.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
3 minutes ago
- Indian Express
Perplexity Finance is now tailor-made for India, offers premium data for free
'You don't need a finance or fintech background to access Perplexity Finance, nor do you need a subscription. Our premium data is available to everyone for free,' Jeff Grimes, Head of Live Events Product at Perplexity AI, is clear about the value that Perplexity Finance, which now supports an 'India-customised experience,' offers to users of the platform in the country. With the India customisations kicking in, Perplexity Finance users in India can 'stay caught up on markets, deep-dive on BSE and NSE stocks, and track Indian company earnings'. Grimes said users can search 'Reliance stock' or 'What's Tata's stock price?' to see live stock information in Perplexity answers across desktop, mobile apps, and mobile web. The Perplexity Finance homepage, on desktop and mobile, offers an overview of the markets, links to specific stocks and cryptocurrencies, the ability to view company financials and historical data, and the ability to track company earnings. 'Much of the information you find in Perplexity Finance exists behind a paywall on other platforms — such as historical price and volume data, natural-language stock screening, and live company earnings. Perplexity makes it available to all users for free,' Grimes underlined the value of the new product. 'When you combine premium-quality real-time data with outstanding search and synthesis, investors win — whether they be institutions or individuals,' he said, adding how the product uses 'best-in-class AI capabilities' to speed up your financial research, helping you keep up with market news, corporate filings, and new trends. Finance is one of Perplexity's fastest-growing query segments, he said, adding that usage of Perplexity Finance has increased 8x since this spring. 'Perplexity Finance is built for anyone who wants to follow the markets, whether that be casually checking in on stock prices via a Perplexity search or downloading historical financials as an Excel spreadsheet to create an in-depth model.' On the page, users will be able to toggle to the US market from the India default, create a watchlist and see a quick view of your watchlist's price movement, search for tickers across equities, crypto, commodities, indices, and ETFs, and also see a sentiment meter based on the market at that moment. Users will also get access to past, live, and upcoming earnings calls with live transcripts.
&w=3840&q=100)
Business Standard
3 minutes ago
- Business Standard
Regaal Resources IPO Day 2 update: Subscription surpasses 16x, GMP at 29%
Regaal Resources IPO Day 2 subscription status: The initial public offering (IPO) of maize speciality products manufacturer, Regaal Resources, which opened for public subscription on Tuesday, August 12, has received a favourable response from investors. The NSE data suggests that the ₹306 crore offering of Regaal Resources received bids for 346.5 million equity shares, against 20.9 million shares on offer, resulting in a subscription of 16.5 times as of 1:20 PM on Wednesday, August 13. Among the investor categories, non-institutional investors (NIIs) led the demand by oversubscribing the category reserved for them by 38.26 times. This was followed by retail investors, who bid for 14.83 times, and qualified institutional buyers (QIBs), for 3.11 times. Regaal Resources IPO grey market premium (GMP) The unlisted shares of Regaal Resources were commanding a decent premium in the grey market on the second day of its subscription window. Sources tracking unofficial market activities showed that Regaal Resources shares were trading at around ₹132 per share, reflecting a grey market premium (GMP) of ₹30 or 29.5 per cent over the upper end of the issue price. Regaal Resources IPO review Regaal Resources IPO details The public offering is a book-built issue, which comprises a fresh issue of 20.6 million equity shares and an offer for sale (OFS) of 9.4 million shares. Regaal Resources IPO is available at a price band of ₹96 to ₹102 per share, and a lot size of 144 shares. Thus, investors can bid for a minimum of 144 shares of Regaal Resources IPO and in multiples thereof. To bid for one lot or 144 shares of Regaal Resources IPO, a retail investor would require a minimum of ₹14,688, taking the upper end of the IPO price into consideration. A retail investor can bid for a maximum of 13 lots or 1,872 shares, amounting to ₹1,90,944. The three-day subscription window to bid for the public offering is set to conclude on Thursday, August 14, 2025. Following the closure of the subscription window, the basis of allotment of Regaal Resources IPO shares is likely to get finalised on Monday, August 18, 2025, with shares getting credited into demat accounts by Tuesday, August 19, 2025. Shares of Regaal Resources are set to make their D-Street debut tentatively on Wednesday, August 20, 2025, by listing on the BSE and NSE. MUFG Intime India is the registrar of the issue. Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers. According to the red herring prospectus (RHP), the company plans to utilise the net fresh issue proceeds for the repayment or prepayment of certain debt and general corporate purposes.
Mint
3 minutes ago
- Mint
Small-cap circuit-to-circuit stock hits upper circuit for second straight session
Small-cap stock: Spice Lounge Food Works share price hit upper circuit for second session straight on Wednesday, August 13. The small-cap stock opened at ₹ 39.47 apiece, nearing to 52-week high, as compared to previous close of ₹ 38.70. The small-cap stock gained momentum after the company announced, on August 11, that the official name has been changed to 'Spice Lounge Food Works' from ' Shalimar Agencies'. ' It is hereby given that effective from 11th Aug, 2025, the name of the Company has changed from 'Shalimar Agencies Ltd to Spice Lounge Food Works Limited'", the company said in an exchange filing dated August 8. In recent months, the stock has consistently hit upper circuit limits, significantly boosting shareholder wealth. As per the latest BSE data, the company is fully owned by retail investors, with no promoter holding. The stock has skyrocketed 741 per cent over the past year, climbing from ₹ 4.60 per share to its current price of ₹ 39.47. On August 8, the company announced that the board will meet to consider and approve financial results for the quarter ending on June 30, 2025 on Thursday, August 14. ' Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, information is hereby given that a Meeting of the Board of Directors of the Company will be held on Thursday, the 14th Day of August, 2025 at 05:00 P.M at the Registered Office to: Inter-alia to consider and approve Un - Audited Financial Results (Standalone and Consolidated) for the First Quarter Ended 30th June, 2025,' the company informed the exchanges in a filing on August 8. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
