Ather Energy shares fall 4%, snap 5-day gaining streak. What’s triggering the sharp fall?
Shares of Ather Energy fell 4% to Rs 1,742 on the BSE on Thursday, ending a five-session winning streak as the shareholder lock-in period expired. The expiry releases…
Attributed summary
Shares of Ather Energy fell 4% to Rs 1,742 on the BSE on Thursday, ending a five-session winning streak as the shareholder lock-in period expired. The expiry releases shares held by investors under the lock-in that had been in place for around one-and-a-half years or longer.According to Nuvama Alternative & Quantitative Research, approximately 77 million Ather Energy shares will become eligible for trading following the expiry. These shares account for…
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