Force Motors Shares Plummet 8% After SEBI Enforcement Action

Force Motors Share Price Drops 8% Following SEBI Regulatory Probe

Force Motors (BSE: 500116) share price declined by 8% from its intraday high on Thursday, March 5, after the company received a notification from the Securities and Exchange Board of India (SEBI) requesting comprehensive details about its Q2 FY25 financial results and insider trading practices.

SEBI Investigation

This marks the second regulatory probe in a short period, following a previous inquiry related to Q3 FY24 results and fluctuations in stock price. The regulator has requested extensive information from Force Motors concerning various elements of its Q2 FY25 results announcement. The investigation pertains to the company's declaration made on October 29, 2024, concerning the unaudited financial results for the quarter and half year ending on September 30, 2024.

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Request for Information

SEBI has asked for detailed information, including:

• A timeline of events related to the Q2 FY25 results announcement
• Information about insiders and management
• Management information system (MIS) reports
• Specifics about Designated Persons
• Excerpts from the Structured Digital Database from the start of the event until the information was released or became public

Company Response

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Force Motors has stated that it will submit an appropriate response to SEBI concerning the requested information within the allowed timeframe. This correspondence is part of SEBI's regular regulatory monitoring to ensure adherence to listing duties and disclosure obligations, with particular emphasis on insider trading regulations and information sharing practices.

Share Price Movement

On Thursday, March 5, Force Motors share price opened at ₹21,624.55 apiece on the BSE, touching an intraday high of ₹22,847.75 and an intraday low of ₹20,593.55 apiece.

Technical Analysis

According to Anshul Jain, Head of Research at Lakshmishree, Force Motors has successfully retested the breakout zone of its 63-day cup and handle pattern near 20,650 and is now forming a doji, signaling indecision after a controlled pullback. The retest confirms demand at the prior pivot and suggests the breakout structure remains intact rather than failing. Moving averages across daily timeframes continue to slope upward and act as a supportive base beneath price. The next directional trigger now sits at 23,000.