The NSDL share price extended its winning streak on Monday, climbing another 1.20% to ₹1,326.85 in afternoon trade. The move builds on an extraordinary post-IPO surge that has already delivered more than 80% gains to early investors, cementing NSDL’s position as one of the year’s strongest market debuts.
Since listing, the stock has gained in every session, defying profit-taking pressure and maintaining strong upward momentum. Monday’s advance lifted its market capitalisation further beyond ₹25,000 crore, as traders continued to favour NSDL over its main rival, CSDL, on the back of superior fundamentals and a stronger institutional client base.
NSDL IPO Momentum
NSDL’s ₹40 billion IPO pulled in huge interest, oversubscribed 41 times, setting up the stock’s confident debut. The depository controls 87% of India’s demat value and services 39.4 million accounts, a scale advantage that, along with its stronger presence in high-value and foreign portfolio investor accounts, keeps it ahead of CSDL.
NSDL Share Price Analysis
- Current price: ₹1,326.85
- Pivot level: ₹1,275
- Immediate resistance: ₹1,340, then ₹1,400
- Support: ₹1,275, then ₹1,200
Outlook: Bulls Holding the Edge, But Air Getting Thin
NSDL’s blistering run is still favouring the buyers, yet the pace is starting to draw second looks from more cautious hands. Momentum traders remain locked in as long as the price stays north of its pivot, but every new high without a pause adds to the risk of a sharp shake-out. For now, the path of least resistance is still higher, just not without a few warning signs flashing in the background.
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