Share unlock event looms for smallcap backed by Sunil Singhania

Ten lakh shares unlock Monday in a Singhania-backed smallcap trading 24% below IPO.

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Share unlock event looms for smallcap backed by Sunil Singhania

Share unlock event looms for smallcap backed by Sunil Singhania
Around 10 lakh shares are set to be unlocked on Monday for a Sunil Singhania-backed smallcap that has fallen nearly 24% from its IPO issue price. Market participants are watching whether the additional supply will pressure near-term sentiment or attract value buyers. Analysts suggest monitoring trading volumes and institutional activity as the stock navigates this key unlock event.
Tags:
  • stocks
  • smallcap