{"id":146787,"date":"2025-03-28T12:48:36","date_gmt":"2025-03-28T07:18:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=146787"},"modified":"2025-03-28T12:48:40","modified_gmt":"2025-03-28T07:18:40","slug":"auto-stock-jumps-7-after-receiving-2978-light-vehicles-order-from-defence-ministry","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-stock-jumps-7-after-receiving-2978-light-vehicles-order-from-defence-ministry\/","title":{"rendered":"Auto stock jumps 7% after receiving 2,978 light vehicles order from Defence Ministry"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1071923686\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this fully vertically integrated Indian automotive company surged 7 percent after securing an order for 2,978 Force Gurkha light vehicles from the Indian Defence Forces.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3644776538\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance<\/strong><\/h2><p>With a market capitalization of Rs 11,739.91 crore, the shares went up 7 percent to an intraday high of Rs 9,444.85 per share compared to the previous close price of Rs 8,786.15 per share. The shares retraced from the day\u2019s high and were trading at Rs 9,008, which is 3 percent higher than the previous close.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Through an exchange filing, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/FORCEMOT\">Force Motors<\/a><\/strong> announced that the company was declared as the L1 vendor by the Indian Defence Forces for the procurement of 2,978 Force Gurkha light vehicles (GS 4X4 800 kg Soft Top).\u00a0<\/p><p>The order was placed by the Directorate General of Capability Development (CD-13\/14), General Staff Branch, IHQ of the MoD (Army), New Delhi. The contract is to be executed in multiple tranches over a&nbsp; maximum period of 3 years.<\/p><div class=\"trade-content_5\" id=\"trade-2117319643\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary&nbsp;<\/strong><\/h2><p>Mr. Prasan Firodia, Managing Director, Force Motor, commented \u201cWe are honored to continue our association with the Indian Defence Forces through this substantial order\u2026 This order is a testament to the trust and confidence Indian Defence Forces place in Force Motors\u201d<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview<\/strong><\/h2><p>Force Motors, the flagship company of the Abhay Firodia group, is a fully integrated Indian automotive company specializing in the engineering, development, and manufacture of various vehicles, aggregates, and components. The company operates a total of five state-of-the-art manufacturing units across India, led by Dr. Abhay Firodia.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials<\/strong><\/h2><p>When looking at the financial statements, the company reported a 12 percent increase in revenue from Rs 1,692 crore to Rs 1,889 crore in Q3 FY24-25. This was accompanied by a 35 percent growth in net profits from Rs 85 crore to Rs 115 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3942568419\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this fully vertically integrated Indian automotive company surged 7 percent after securing an order for 2,978 Force Gurkha light vehicles from the Indian Defence Forces. Stock Performance With a market capitalization of Rs 11,739.91 crore, the shares went up 7 percent to an intraday high of Rs 9,444.85 per share compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":110145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6947,27710,24145,9838,9837,948,936,2597],"class_list":["post-146787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-auto-stock","tag-clight-vehicles","tag-force-motors","tag-force-motors-latest-news","tag-force-motors-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto stock jumps 7% after receiving 2,978 light vehicles order from Defence Ministry - 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