Force Motors Stock Surges 10% on Record January Sales and Major Ambulance Order

Force Motors' shares soared 10% to Rs 7,057 today following exceptional January performance and a significant government contract. The automaker reported a 39.27% year-on-year surge in domestic sales to 3,493 units. The rally was further fueled by a major order of 2,429 BS-VI diesel ambulances from Uttar Pradesh's Medical Health Department. Despite recent market volatility, institutional confidence remains strong, with FIIs increasing their stake to 8.1% in Q3. The company's strategic exit from the tractor segment and focus on commercial vehicles signals a promising growth trajectory.

Sources: BSE Filing, Force Motors Investor Relations