Tarsons Products shares hit 52-week low as mandatory lock-in expiry of anchor investors ends today, correct 28% in one month

The shares of Tarsons Products Limited traded on a new 52-week low value of Rs 581.75 on Thursday, as the mandatory lock-in period of 30 days for anchor investors ends today.  
After touching the fresh low on Thursday, the shares were trading with a nearly 1 per cent discount at Rs 590.75 per share at 10.05 am in the BSE intraday trade on Thursday.  

The shares of Tarsons Products overall have corrected a whopping 28 per cent or nearly Rs 230 in one month as of December 23. Tarsons Products Limited stock touched 52-week high value of Rs 928.65 per share on November 29, 2021 on the BSE.  

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The lock-in expiry of anchor investors in FSN Ecommerce Ventures, FINO Payments Bank, SJS Enterprises, PB Fintech, Sigachi Industries, One 97 Communications (Paytm), Sapphire Foods, Latent View Analytics and Tarsons Products have already ended this month. Go Fashion is the only stock that will see anchor investors deadline to sell shares lifting next.

According to November mutual fund holdings of Tarsons Products, Nippon India Pharma Fund holds a maximum quantity of shares worth Rs 30.05 crore as of December 23, as per Stock Edge, an app to analyse NSE, BSE data.  

After Nippon India Pharma Fund, Mirae Asset Healthcare Fund and Edelweiss Recently listed IPO Fund have directed maximum allocation to the tune of Rs 24.39 crore and Rs 24.39 crore, respectively, showed the same data.  

Tarsons Products IPO had opened on November 15 and concluded on November 17, 2021. The stocks were listed at a premium of 5.74% on the BSE against its issue price of Rs 662 per equity share. The gain against listing price was Rs 38 per share.  

Tarsons Products is engaged in designing, developing, manufacturing and supplying a diverse range of quality lab-ware products used in laboratories across research organisations, academic institutes, pharmaceutical firms, diagnostics companies and hospitals. The company currently operates through its five manufacturing facilities located in West Bengal.  

Meanwhile, this is the second stock to see the mandatory deadline of anchor investors to sell shares lifting this week. Earlier this week, shares of Latent View Analytics were locked in a lower circuit of 9.99% on anchor investor's expiry day on Monday.