Shares of Pine Labs crashed 10% to Rs 168.35 apiece on Wednesday after nearly 92.4 crore shares worth more than Rs 17,372 crore became eligible for trade as the six-month lock-in period expires today, according to Nuvama Institutional Equities.
Wednesday’s drop also marked the steepest single-day fall since the stock’s market debut last November, pushing it to its lowest level in over a month.
