National securities depository limited (NSDL) IPO has got the lottery of investors to invest money and to get allotment. Actually, this IPO has given great returns for the fourth consecutive day since the listing. Let us tell you that NSDL’s IPO has been listed on 10% premium on August 6. The price of IPO was Rs 800 and it is listed at Rs 880. In just 4 days, NSDL shares have been charged a high of Rs 1425. The stock on BSE made a new record high of Rs 1,425 with a gain of 9.59 percent. In this way, this IPO has given its investors a shape of 78% in 4 days.
What to do now investor?
Many market experts are advising small investors to book profit. At the same time, some experts say that long -term investors may remain with this stock. Let us tell you that the leading company in the field of depository services received good response from investors during the IPO. The IPO of NSDL was subscribed to more than 41 times. This issue was opened for bid between July 30 and August 1.
Why is such a big boom coming?
Market expert says that many investors did not get allotment in IPOs. Now he is shopping for this stock. At the same time, NSDL and CDSL have a monopoly in the depository business. This also keeps the trust of investors on this company. NSDL will announce the quarterly results on August 12. Shopping is being seen even before this. Due to this, the stock remains a boom.
Latest business news
