Motilal Oswal Financial Services has initiated coverage on National Securities Depository Limited (NSDL) with a ‘Neutral’ rating and a 12-month target price (TP) of Rs 1,200, implying a potential downside of around 8% from current levels. This target is based on a valuation of approximately 45 times estimated FY28 earnings per share (P/E ratio). The … Read more
The initial public offering (IPO) of National Securities Depository Limited (NSDL), India’s first and largest depository, attracted strong investor interest, with robust subscription continuing on the third and final day of bidding. The issue was booked 41 times overall, indicating solid demand across all investor categories. NSDL shares are trading at a 16% premium in … Read more
NSDL IPO: Issue opens July 30, here’s what you need to know about GMP, issue details Source link
New Delhi: The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties. With over 10 days more to go in May, the latest data from National Securities Depository Limited (NSDL) showed … Read more