NSDL Share Price Today Live: NSDL or National Securities Depository Limited is witnessing a huge rise in its stock prices, which crossed the Rs 1,000-mark on Thursday, registering a 14 per cent rise from the previous close at Rs 936. This represents a 25 per cent jump from its original issue price of Rs 800 on Wednesday. The total value of the company is also nearing Rs 20,000 crore.
NSDL on Wednesday recorded a stellar debut and closed the first day of trade at a premium of 17 per cent. Its shares started trading at Rs 880 a piece, a 10 per cent rise from the issue price of Rs 800 on the Bombay Stock Exchange. In the intraday session, it rallied by 18 per cent to hit a high of Rs 943.85, but closed slightly lower at Rs 936.
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NSDL Share Price: Should You Buy?
Experts suggest that now is a great time for investors to buy NSDL stock, as it has a high tolerance for risk. A plan to hold on to the stock for a long time is suggested. It is also advised to buy more shares if the price drops. Other analysts believe caution is necessary, suggesting it is always better to wait for the stock’s volatility to decrease and for the price to fall before buying.
For those who already own NSDL shares, the advice is to hold on to them for a long time. It is also recommended to wait and watch for a potential drop in price after its initial listing, which could offer better opportunities to buy.
NSDL IPO Details
The Rs 4,011-crore IPO of NSDL received 41 times subscription on the closing day of bidding on Friday. Last week, the NSDL mobilised over Rs 1,201 crore from anchor investors. The initial share sale had a price band of Rs 760-800 per share.
The depository’s public issue solely consists of an Offer For Sale (OFS) component of 5.01 crore shares, and those selling shares under this are National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India, and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).