Four stocks to see shares worth ₹1,500 crore free up today as lock-ins end; Details here

Résumé détaillé

Of the four stocks whose lock-in ends today, such as Dhoot Transmission, Molbio Diagnostics, Technocraft Ventures and LEAP India, three of them have either doubled or nearly doubled from their issue price. Here's an individual look at these four stocks.

Four stocks - Dhoot Transmission Ltd., Molbio Diagnostics Ltd., Technocraft Ventures Ltd., and LEAP India Ltd., will see their three-month shareholder lock-ins end on Wednesday, November 11, according to data available.

The total value of the shares of these four companies that free up for trading today after lock-in ends is close to ₹1,500 crore.

It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market. They only become eligible to be traded.

Of the four stocks whose lock-in ends today, three of them have either doubled or nearly doubled from their issue price. Here's an individual look at these four stocks.

According to Nuvama Altenative & Quantitative Research, as many as 5.3 million shares or 3% of the company's outstanding equity will free up for trade once the three-month shareholder lock-in ends today.

Based on the stock's closing price on Monday, the value of shares that free up for trade today is worth ₹862 crore.

Shares of Dhoot Transmission, as of Monday's closing, are up 87% from their IPO price of ₹871 per share, but have corrected 6% from their post-listing high as well.

As many as 1.7 million shares of the recently listed Molbio Diagnostics will free up on Wednesday when the shareholder lock-in ends.

The number of shares that free up for trade amount to 2% of the company's total outstanding.

Début de l'article, extrait de CNBC-TV18. Pour lire la suite, ouvrez l'article chez le média.