Force Motors Soars 1190% in 5 Years: Multibagger Stock Jumps 7% Following Major Defence Order Win!

Force Motors stock experienced a notable surge of over 7% in early trading on Friday, fueled by a substantial contract awarded by the Indian Defence Forces. The shares saw a peak increase of 7.5%, reaching ₹9,444.85 on the Bombay Stock Exchange (BSE). This positive momentum has been attributed to Force Motors being designated as the L1 vendor for the supply of 2,978 units of their Force Gurkha light vehicles.

Significant Defence Contract Boosts Share Price

Although the company did not reveal the precise financial details of this contract, it confirmed that the delivery of the vehicles is scheduled to occur within a maximum timeframe of three years, broken down into multiple phases. Force Motors emphasized that these vehicles are specifically designed to meet the operational needs of both the Indian Army and Indian Air Force.

Key Features of the Force Gurkha:
- Engineered for extreme environments
- Exceptional ground clearance
- Highest water wading capability in its class
- Superior maneuverability

The company has a long-standing relationship with the defence sector, having previously supplied its Gurkha LSV (Light Strike Vehicle), which is well-regarded for its durability and off-road capabilities. In a regulatory announcement dated March 27, Force Motors highlighted its commitment to delivering robust vehicles tailored for demanding military applications.

Impressive Stock Performance

The stock of Force Motors has shown remarkable growth, with a 38% gain year-to-date (YTD). Over the past six months, the shares have appreciated by 20%, and they have increased by 27% in the last year alone. Impressively, the stock has surged by 734% over the past two years, delivering an astonishing 1,190% return over the past five years.

At 9:45 AM, the trading price of Force Motors shares was up 4.56%, standing at ₹9,186.50 on the BSE, reflecting the positive investor sentiment following the announcement of the significant defence order.

This recent contract not only underscores Force Motors’ capabilities in the defence sector but also enhances investor confidence, positioning the company as a key player in the military vehicle market.