NSE unlisted share slide hits retail investors

Wadhwa expects the stock to hover between %1,800 and 21,900 until clarity emerges on both the expiry reforms and listing approval.

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Another broking official whose firm deals in unlisted shares agreed on the premise of the correction.

“The two issues have driven long-term investors taking profits off the table as anyway one holding the shares is locked in for six months after the listing,” he said. “With the listing delayed and looming expiry related issues, there is propensity for profit taking now.”