NSDL stock hits fresh 52-week high of Rs 1,425, surges 67% in 5 days post IPO

NSDL Shares Today: Shares of National Securities Depository Ltd (NSDL) witnessed high volatility on Monday, soaring nearly 10% in early trade to hit a fresh 52-week high of Rs 1,425 before retreating nearly 8 per cent from that level. The stock was trading at Rs 1,338.25 as of 1:05 PM, up 2.92 per cent for the day.

The sharp movement comes amid continued investor interest following NSDL’s stellar market debut last week. Since listing on August 6 at Rs 800 per share, the stock has surged 67 per cent in just five trading sessions.

Trading volumes remained elevated, with 304.84 lakh shares changing hands, generating a turnover of Rs 4,164.18 crore. The Volume Weighted Average Price (VWAP) stood at Rs 1,366  still higher than the current market price, suggesting strong institutional buying support earlier in the day.

The Rs 4,011-crore IPO, entirely an Offer for Sale (OFS), was subscribed 41 times and featured stake sales by marquee shareholders including the National Stock Exchange (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India, and SUUTI.

NSDL’s closest listed peer, Central Depository Services (India) Ltd (CDSL), was trading nearly flat at Rs 1,569, showing little movement amid NSDL’s high-octane trading.

NSDL, a SEBI-registered market infrastructure institution, pioneered dematerialisation in India in 1996 and plays a critical role in the country’s capital market ecosystem.