Shares of newly-listed National Securities Depository rallied a whopping 16% in the intraday deals on Thursday, August 6, a day after its stock market debut.
The rise in NSDL stock not just powered past the ₹1000 mark but also delivered its initial public offer (IPO) investors a sweet 35% return on their investment in just two days.
NSDL IPO shares listed on the BSE on Wednesday, August 5, at a premium of 10% at ₹880, and settled 17% higher above the issue price of ₹800.
In today’s trading session, NSDL share price opened at ₹934.95, slightly below the last closing price of ₹936.
However, it soon jumped to the day’s high of ₹1087.90, defying the weak Indian stock market trend, and recording an upside of 16%.
As of 1.30 pm, there were buy orders for 16 lakh NSDL shares on the BSE and sell orders for 12.5 lakh shares.
