GAGA Share Market News

[hfe_template id='11223'] [ad_1] Swiggy’s stock may face heightened volatility in the near term as the expiry of a major pre-IPO shareholder lock-in period approaches, according to brokerage JM Financial. The lock-in, which ends on May 12, will make around 83% of the company’s shareholding eligible for trade for the first time, raising the potential for large-scale offloading. On Thursday, shares of the food and delivery giant slipped as much as 1.6% to Rs 342.4 on the BSE. JM Financial estimated that even if just 15% of the locked-in shares are sold post expiry, it could result in outflows worth Rs 120 billion — nearly equivalent to the company’s total IPO size of Rs 113 billion. Many pre-IPO investors, including private equity and venture capital firms, are sitting on substantial unrealised gains, and despite Swiggy’s stock trading about 12% below its IPO price of Rs 390, some may be inclined to exit. "While we cannot accurately predict when these shareholders wil...

[hfe_template id='11223'] [ad_1] Shares of NTPC Green Energy cracked 9% to hit their new 52-week low of Rs 96.20 on the BSE on Monday, February 24, as its 3-month shareholder lock-in period expires today, freeing up 183 million shares to trade in the open market. This development means that nearly 183 million shares of NTPC Green Energy, which were previously restricted and could not be sold, are now eligible for trading. According to a report by domestic research firm Nuvama Alternative & Quantitative Research, these unlocked shares represent approximately 2% of the company’s total outstanding shares. A three-month share lock-in period refers to a specific duration of three months during which certain shareholders are restricted from selling or transferring their shares in the stock market. This restriction is often imposed following an initial public offering (IPO) to prevent a massive sell-off that could destabilize the stock price. Typically, lock-in periods last...

[hfe_template id='11223'] [ad_1] Shares of Brainbees Solutions, the parent company of the FirstCry brand, fell 2.3% on Monday to Rs 457.10 on the BSE, extending a recent losing streak as concerns over an impending pre-IPO lock-in expiry loomed large. Brokerage JM Financial maintained its “buy” rating on the stock but slashed its target price to Rs 667, still implying a robust 46% upside from current levels. The stock has been under pressure ahead of the February 13 lock-in expiry, which will make nearly 60% of the company’s share capital — over 300 million shares — eligible for trading. This volume dwarfs the stock’s average daily trading volume of around 760,000 shares and has heightened fears of selling pressure. Shares of Brainbees have fallen 26% over the past three months, underperforming broader markets. The decline has accelerated recently, with the stock losing 6.5% in the last week alone. Despite the near-term headwinds, JM Financial said it remains optimistic a...