New Delhi, July 24 -- Force Motors, the flagship company of the Abhay Firodia Group, saw its shares surge 19.6% in intraday trade on Thursday, July 24, to an all-time high of Rs.20,500, crossing the Rs.20,000 mark for the first time and becoming the tenth company whose shares are trading above this level in the Indian stock market.

The rally followed the release of the company's June quarter performance, which was announced post-market hours on Wednesday, with the company beating Street estimates on all fronts.

The company reported a 52% YoY jump in its consolidated profit to Rs.176 crore in Q1FY26, compared to Rs.116 crore in the same period of the last fiscal. Although the company's net profit in the preceding March quarter stood at R...