Smallcap auto stock soars 12%, nears record high; what's behind the rally?

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Smallcap auto stock soars 12%, nears record high; what's behind the rally? - Business Standard

Quick Summary:

Force Motors share price today: Stock price of Force Motors surpassed its previous high of ₹9,885.05, which it had touched on May 6, 2024.

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.

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.