Force Motors' scrip surged 10 per cent on Tuesday and hit an upper circuit limit of Rs 3,141.85. It also touched a fresh all-time high at the same price.
The company shares almost doubled in two weeks on earnings, and likely new orders.
The stock has gained nearly 97 per cent in 11 sessions on continued optimism over earnings, likely order from BMW India and report of a new plant.
The company's June-quarter net profit rose 84 per cent YoY to Rs 35.76 crore.
"Likely new order from BMW India increases visibility on margins and earnings,'' an analyst tracking the company said
Also, the company may set up a new plant in Pune which may cater to another carmaker, analysts said.
A company spokeswoman was not immediately reachable.
Force Motors' scrip has gained 407 per cent in the last one year, while the sub index for the sector was up 23.9 per cent in the same period.