Overview
- The e-commerce firm's shares were stuck at the 5% lower band for a second session on Thursday, last near Rs 164.48.
- About 10.98 crore shares became eligible to trade on Jan. 7 as the 30-day anchor lock-in ended, with another anchor tranche set to unlock on March 7.
- Despite the drop, the stock remains above the Rs 111 issue price and is roughly 35% below its post-listing peak near Rs 254.
- Senior executive Megha Agarwal resigned after a seven-year stint, coinciding with heightened post-IPO volatility.
- Brokerages remain positive, with UBS initiating coverage at Buy with a Rs 220 target, and H1 FY26 results showed a narrowed net loss of Rs 701 crore on 29% revenue growth to Rs 5,578 crore.