Archive · 18 Sep 2025
Motilal Oswal Initiates Coverage on NSDL with Neutral Rating
Motilal Oswal, a financial company, has started looking at NSDL, which helps with stocks in India.
They think NSDL is in a good position and is likely to expand.
Although the company has potential for growth, Motilal Oswal thinks the stock is already priced well.
They set a neutral rating and a target price.
NSDL does well with big investors and is expanding by supporting unlisted companies.
Motilal Oswal Financial Services initiated coverage on NSDL.
MOFSL believes all positives for NSDL are already reflected in the current stock price.
NSDL's revenue per active account is about three times higher than its main competitor.
NSDL shares were listed on August 6, 2025, at an IPO price of Rs 800.
MOFSL has a 'neutral' rating for NSDL, with a target price of Rs 1,200.
- Who
- Motilal Oswal Financial Services (MOFSL)
- What
- Initiated coverage on NSDL
- When
- August 2025
- Where
- India
- Why
- To provide an investment opinion on the company.
Positive Market Potential
Valuation Concerns
Market Growth
Positive Market Potential
NSDL is well-positioned to benefit from growth in the Indian capital market.
Valuation Concerns
All the positives of NSDL's growth potential have already been factored into its current stock price.
- Company
- NSDL (National Securities Depository)
- Brokerage Firm
- Motilal Oswal Financial Services (MOFSL)
- Rating
- Neutral
- Target Price (1 Year)
- Rs 1,200
- IPO Price
- Rs 800
- Share Price Increase from IPO
- 62.5%
- Primary Competitor
- CDSL
Sources
NSDL Dividend 2025: When will it be credited? Record date and other details here
NSDL share price factors in all the positive, Motilal Oswal says projecting downside
Motilal Oswal turns cautious on NSDL: 5 reasons behind the 8% downside call after dream listing
Is the Street too bullish on NSDL Payments Bank?
NSDL shares trade 61% higher than IPO price, but Motilal Oswal sees no room for further rally. Here's why
NSDL, Mazagon Dock, to NALCO and Bharat Dynamics: Over 100 companies to turn ex-dividend on September 19
