Synopsis
Stocks on the National Stock Exchange crossed ₹2,000. The push follows the SEBI chief’s comments on an upcoming IPO clearance. Investor interest has revived. NSE stocks have seen an increase in demand and trading volumes. The exchange’s IPO is expected soon. This development has reinforced confidence in unlisted shares.
AgenciesSebi chief’s indication of upcoming clearance for listing planMumbai: Shares of the National Stock Exchange (NSE) soared above the ₹2,000 mark again, jumping 6 per cent in unlisted trade on Monday, after comments by the head of the Securities and Exchange Board of India over the weekend that the bourse’s long-awaited initial public offering would be cleared, possibly in January, revived investor interest. The stock ended at ₹2,095 on Monday, according to data from unlistedzone.com. On Friday, they had closed at ₹1,975.
Sebi Chairman Tuhin Kanta Pandey on Saturday said the regulator was at a “very advanced stage” of granting no-objection certificate (NoC) for NSE’s IPO, according to ANI.
“There was a pick-up in demand and higher trading volumes in NSE stocks over the weekend,” said Sandip Ginodia, director at Altius Investech, which trades unlisted stocks.
NSE shares have been under pressure of late and have mostly remained below ₹2,000 since September due to delay in IPO approval and profit pressure following Sebi’s crackdown on the equity derivatives market. “NSE shares had recovered to around ₹2,400 last year before correcting to near ₹1,800 following the announcement of second quarter results and the regulator’s increased restrictions on derivatives, thereby increasing the minimum contract size,” said Hitesh Dharawat, owner of Dharawat Securities.
During the September quarter, NSE’s consolidated profit after tax declined by 33% and consolidated operating revenue declined by 18% compared to the same period last year. Dharawat said the latest recovery could be short-lived.
“With the expectation of a dismal third quarter, we believe current price levels may not be sustainable,” he said. “The fair value of the shares is between ₹1,500 and ₹1,800, due to recent limited growth in the capital markets segment and increased hype or frenzy around the stock.”
After Sebi banned several weekly derivative contracts from exchanges in November 2024, trading volumes as well as revenues have been hit at the exchanges. Ginodia is optimistic about the stock market’s prospects after the listing. “NSE is currently trading at a lower price than the BSE and will be listed on the BSE. Given the possibility of a higher float and possible inclusion in the Sensex post-listing, the stock could see strong buying by passive funds post-listing. This makes NSE an attractive investment opportunity,” he said.
(What’s moving Sensex And Clever Track latest market news, stock market advice, Budget 2025, Equity market on the 2025 budget And expert adviceon AND Markets. Additionally, ETMarkets.com is now on Telegram. For the fastest news alerts on financial markets, investment strategies and stock market alerts, subscribe to our Telegram feeds .)
Subscribe to AND Bonus and read it Electronic document on economic times Online.and Sensex today.
Most trending stocks: SBI share price, Axis Bank share price, HDFC Bank share price, Infosys share price, Wipro stock price, NTPC stock price
…moreless
(You can now subscribe to our ETMarkets WhatsApp Channel)
(What’s moving Sensex And Clever Track latest market news, stock market advice, Budget 2025, Equity market on the 2025 budget And expert adviceon AND Markets. Additionally, ETMarkets.com is now on Telegram. For the fastest news alerts on financial markets, investment strategies and stock market alerts, subscribe to our Telegram feeds .)
Subscribe to AND Bonus and read it Electronic document on economic times Online.and Sensex today.
Most trending stocks: SBI share price, Axis Bank share price, HDFC Bank share price, Infosys share price, Wipro stock price, NTPC stock price
…moreless
