Shares of Orient Utilized sciences Ltd. and Exicom Tele-Methods Ltd. hit the lower circuit on Monday, after their respective shareholder lock-in intervals received right here to an end. Equally, companies like Dr. Agarwal’s Healthcare Ltd., Ecos (India) Mobility Ltd. and Vishnu Prakash R Punglia Ltd. moreover witnessed an over 5% drop of their stock.
Lock-in interval is the timeframe till when certain merchants are required to hold shares of the newly listed shares.
Orient Utilized sciences declined 5% to hit the lower circuit of Rs 304.4 apiece on the NSE, as a result of the six-month lock-in interval for anchor merchants ended. As many as 8 lakh shares or 2% of the complete equity has now become eligible for purchasing and promoting inside the open market.
Exicom Tele-Methods moreover plunged 5% to hit the lower circuit of Rs 145.75 apiece on the NSE, after its one-month lock-in interval for anchor merchants ended. As many as 4.35 crore shares or 36% of the complete equity has now become eligible for purchasing and promoting inside the open market.
Ecos share worth, publish the exhaustion of six-month lock-in interval, fell better than 6% to a low of Rs 167.11. As many as three crore shares of the company, or 50% of the complete equity, has now become eligible for purchasing and promoting inside the open market.
Dr. Agarwal’s Healthcare share worth moreover fell over 6% after 1.1 crore shares or 3% of the complete equity turned eligible for purchasing and promoting inside the open market. The six-month lock was for anchors merchants.
Vishnu Prakash R Punglia share worth declined over 5% after its one-and-a-half-year lock-in interval ended. As many as 2.5 crore shares or 20% of the complete equity has now become eligible for purchasing and promoting inside the open market.
Aeroflex Industries moreover fell over 7% to hit virtually seven-month-low after 2.6 crore shares or 20% of the complete equity turned eligible for purchasing and promoting inside the open market. Equally, 74 lakh shares of Pyramid Technoplast’s glorious equity opened for commerce after the lock-in interval ended. The shares of the company fell virtually 10%.