Force Motors Hits 52-Week High on Veera Tanneries Acquisition Plan

• Force Motors shares surged to a 52-week high of Rs 22,200 after announcing plans to acquire 100% of Veera Tanneries.
• The company signed an MoU on February 6, 2026, for the full acquisition of Veera Tanneries (VTPL) for Rs 175 crore.
• Force Motors reported a 252% surge in consolidated net profit to Rs 406.1 crore in Q3FY26, with revenue up 12.7% to Rs 2,128.6 crore.
• Exceptional gains of Rs 211.2 crore contributed significantly to the Q3FY26 performance.
• Total sales for January increased 4.6% year-on-year to 3,764 units, with domestic sales up 4.92% and exports down 4.81%.