Bajaj Housing Finance Shares Drop as Lock-In Period Ends
Bajaj Housing Finance shares fell 4% to Rs 144.90 after the one-month lock-in period ended, allowing 12.6 crore shares to be sold, increasing selling pressure.
Bajaj Housing Finance shares, showing a 4% drop to Rs 144.90 as soon as the lock-in period ended.
Bajaj Housing Finance shares, which recently started trading, fell 4% to Rs 144.90 today because a month-long rule that stopped people from selling their shares ended.
Now, about 12.6 crore (126 million) shares can be sold.
A one-month lock-in period restricts certain shareholders from selling or transferring their shares to help stabilise stock prices and prevent sudden sell-offs after an IPO
Lock-in periods usually last from six months to a year.
This rule helps major investors, like company founders and big backers, keep their shares to support the company’s growth.
During this time, insiders, employees, and early investors can’t sell their shares, which helps avoid big changes in the stock price from too many shares being sold at once.
With the lock-in period now over, shareholders are free to sell, which can lead to increased selling pressure and a potential drop in stock prices.
Bajaj Housing Finance shares have decreased by 9.3% over the past two weeks but gained 8.65% in the last week.
