Published on 05/06/2025 11:58 AM
June 17 will be an important trading session for these two outperforming stocksShares of both Vishal Mega Mart and Sai Life Sciences will be in focus on June 17 as their respective shareholder lock-in period comes to an end.By Hormaz Fatakia June 5, 2025, 11:58:40 AM IST (Published)2 Min ReadJune 17 will be an important trading session for two stocks - hypermarket chain operator Vishal Mega Mart Ltd. and another recent listing Sai Life Sciences, as their respective shareholder lock-ins will come to an end.
Both the stocks have been outperformers, having delivered healthy returns from their respective issue price.
Vishal Mega Mart will see 254.2 crore shares or 56% of its outstanding equity free up for trade when its shareholder lock-in comes to an end on June 17.
At the current market price, the value of shares that will be freed up for trading amounts to ₹33,000 crore.
Having listed in December of last year, shares of Vishal Mega Mart are trading nearly 70% higher than their IPO price of ₹78 per share.
The other outperforming stock whose lock-in ends on June 17 is Sai Life Sciences. The company will see 10 crore shares or 48% of its outstanding equity become eligible to be traded once the lock-in period ends.
At the current market price, the value of shares that become eligible be traded will be just over ₹7,000 crore. Shares of Sai Life are trading with gains of nearly 35% from their issue price of ₹549.
It must be mentioned that the ending of the shareholder lock-in does not mean that all those shares will be sold in the open market, but they only get eligible to be traded.
Shares of Vishal Mega Mart are trading 3.5% higher at ₹130.49, while those of Sai Life are trading 1.2% higher at ₹738.6.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayVishal Mega Mart