National Securities Depository Ltd. (NSDL) made a strong market debut on Aug. 6, with its shares listing at a 10% premium at Rs 880 apiece on the BSE, compared to its issue price of Rs 800. The stock continued its upward momentum, extending its post-listing rally to a third straight session on Aug. 8, delivering a 68% return over its IPO price.
On Friday, NSDL shares surged as much as 15.72% to hit an intraday high of Rs 1,342.60 apiece on the BSE.
Earlier, the stock closed 17% higher on its listing day and gained 20% on Aug. 7. NSDL’s total market capitalisation has surged to Rs 26,600 crore.
NSDL shares ended 15.77% higher at Rs 1,300.30 apiece on the BSE on Friday. This compares to a 0.95% decline in the Sensex.
