FirstCry shares drop 2% amid lock-in expiry concerns, JM Financial sees 46% upside

Shares of Brainbees Solutions, parent of FirstCry, fell 2.3% amid concerns of a significant pre-IPO lock-in expiry. Brokerage JM Financial maintained a 'buy' rating but reduced the target price, highlighting undervaluation compared to peers. Despite recent declines, optimism remains about long-term prospects, driven by international expansion and attractive valuations post-lock-in expiry.