Pine Labs shares drop 10% after lock-in expiry
after close1 source ↓written by the desknot a recommendation
- to ₹168.35
- 10%
- worth
- 92.4 crore shares
- became eligible
- ₹17,372 cr
Shares of Pine Labs fell 10% to ₹168.35 on Wednesday as 92.4 crore shares worth over ₹17,372 cr became eligible for trading following the expiry of the six-month lock-in period. This decline marks the steepest single-day drop since its market debut last November, reaching its lowest point in over a month. While the lock-in expiry allows trading, it does not guarantee immediate selling by shareholders.
Not investment advice. For informational purposes only.