HDB Financial Services, Sambhv Steel Tubes shares trade volatile as IPO lock-in period ends

HDB Financial Services share price rose 7% as a lock-in period for certain shareholders ends, releasing 23 million shares. Conversely, Sambhv Steel Tubes dropped nearly 6% due to 10 million shares being released. Lock-in periods help stabilize stock prices post-IPO by preventing immediate sell-offs.

Markets