Why are Swiggy shares under pressure today? Stock hits all time low

Swiggy share price: Shares of Swiggy tumbled 7.3 per cent, hitting an all-time low of ₹297 per share on BSE. The selling pressure came a day after the mandatory six-month lock-in period for non-promoter, pre-IPO investors, expired. Pre-IPO shareholding lock-in refers to a period after a company goes public during which certain shareholders are restricted from selling their shares.