NSDL shares on winning streak, surge 80% since IPO launch. What’s next for investors?
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Shares of National Securities Depository Limited (NSDL) extended their stellar post-listing run on Monday, surging 9.6% to touch a new high of Rs 1,425. The stock has now rallied 78% from its IPO price of Rs 800 and 62% from its listing price of Rs 880. Since debuting on August 6, NSDL has gained in each of its four trading sessions, reflecting strong investor appetite. After an impressive rally following the stock’s listing, what should investors do? “We remain constructive on NSDL, given its leadership in the institutional depository segment and its significant role in offering custodial and depository services to mutual funds, insurers, banks, and foreign portfolio investors (FPIs). With a robust market position, steady revenue visibility, and reasonable valuations, we recommend a HOLD for investors who received allotments, keeping a long-term view in mind,” said Gaurav Garg from Lemonn Markets Desk. “For those who did not receive an a...