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At 11.42 am, the company’s shares were trading nearly 1 per cent higher at Rs 1,315 per share. Earlier in the day, the stock was trading nearly 10 per cent higher at Rs 1,425 per share. The newly listed stock has now fallen nearly 8 per cent from that level.
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New Delhi: Shares of National Securities Depository (NSDL) witnessed some profit booking on August 11, falling nearly 7 per cent from their day's high. This comes after a record rally of nearly 62 per cent since listing. Before the fall, the stock was trading with gains for the fourth consecutive day after listing.
At 11.42 am, the company's shares were trading nearly 1 per cent higher at Rs 1,315 per share. Earlier in the day, the stock was trading nearly 10 per cent higher at Rs 1,425 per share. The newly listed stock has now fallen nearly 8 per cent from that level.
The stock had gained up to 80 per cent from its issue price of Rs 800 to an intraday high of Rs 1,425 within four trading sessions.
Last Wednesday, 3.7 crore shares of NSDL were traded in its opening trading session, while 5.1 crore shares were traded in Thursday's trading session. In today's trading session, 2.5 crore shares have been transacted within the first three hours.
NSDL shares are down from the day's high. Currently, it is trading 0.6 per cent higher at Rs 1,308.95, while its intraday low was Rs 1,272.
NSDL IPO
NSDL shares made a stellar debut in the stock market on August 6 and were listed on the BSE at Rs 880 per share. This was 10 per cent higher than its IPO price of Rs 880 per share. The listing premium was lower than gray market estimates. Given NSDL's strong fundamentals and the depository segment, analysts had advised investors to hold this stock for the long term.
