Force Motors Achieves All-Time High Stock Price Amid Strong Market Momentum

Force Motors has made headlines today with significant stock activity, reaching an all-time high of Rs 10,590. The midcap auto-truck manufacturer has shown remarkable resilience, outperforming its sector by 5.87% and gaining 9.53% in just one day, compared to the Sensex's 2.75% performance.
The stock opened with a notable gain of 6.49% and reached an intraday high of Rs 10,590, reflecting strong market momentum. Force Motors is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend.

Over the past year, the company has consistently delivered positive results, with net sales growing at an annual rate of 21.25% and operating profit soaring by 61.36%. The company has reported positive results for 11 consecutive quarters, with cash and cash equivalents reaching a record Rs 507.41 crore.

Institutional investors have also shown increased interest, raising their stake by 0.73% in the last quarter. With a return of 17.00% over the past year and a remarkable 957.29% increase over three years, Force Motors continues to solidify its position in the auto-truck industry.