3 hrs ago
NSE Shares Slip Below IPO Price Amid Weak Market Sentiment
NSE shares fell for the second trading session in a row.
They opened at ₹1,786 but soon dropped as low as ₹1,761.
This put the shares below their IPO price of ₹1,785.
Experts said the main reason was weak mood in the wider stock market.
Arun Kejriwal believes NSE is a strong long-term portfolio stock.
Anuj Gupta advised current shareholders to hold, but to use ₹1,740 as a stop-loss level.
The share may face difficulty rising unless it moves back above ₹1,785.
Experts will also watch whether it can stay above about ₹1,770.
NSE shares opened at ₹1,786 on the BSE and fell to an intraday low of ₹1,761 on Monday.
The stock slipped below its ₹1,785 IPO price on its third day of listing.
Experts attributed the decline mainly to weak sentiment in the broader Indian stock market.
Anuj Gupta advised shareholders to hold with a stop-loss at ₹1,740, while watching ₹1,785 as immediate resistance.
Arun Kejriwal said sustained trading above roughly ₹1,770 could support a move back above ₹1,785.
- Who
- NSE shareholders and market experts Arun Kejriwal and Anuj Gupta.
- What
- NSE shares continued falling and moved below their ₹1,785 IPO price on the third day of listing.
- Where
- The shares traded on the BSE and NSE in the Indian stock market.
- When
- Monday, the second consecutive session of decline after listing.
- Why
- Experts attributed the fall primarily to weak market sentiment, despite views that NSE has strong fundamentals.
Long-term bullish view
Short-term cautious view
Investment outlook
Long-term bullish view
Arun Kejriwal described NSE as a portfolio stock reflecting the Indian economy and capital market, and recommended buying and holding it for long-term goals.
Short-term cautious view
Anuj Gupta advised shareholders to hold only while monitoring the ₹1,740 stop-loss and waiting for a decisive move outside the ₹1,740–₹1,785 range.
Potential recovery
Long-term bullish view
Kejriwal said sustained trading above roughly ₹1,770 for a few hours could allow the stock to rise above ₹1,785.
Short-term cautious view
Gupta said a recovery could not be expected without a bullish trigger for the Indian stock market if the share fails to move above ₹1,785.
Meaning of the decline
Long-term bullish view
Kejriwal said the stock’s opening above the previous close, despite a falling market, showed confidence from bullish investors.
Short-term cautious view
The continued sell-off and break below the IPO price indicate near-term weakness, with ₹1,785 and the previous close acting as hurdles.
Key facts
- Opening price
- ₹1,786 per share on the BSE
- Intraday low
- ₹1,761
- IPO price
- ₹1,785
- Suggested stop-loss
- ₹1,740, according to Anuj Gupta
- Immediate resistance
- ₹1,785, followed by the previous close around ₹1,792–₹1,795
- Average weighted price
- Around ₹1,770 during Monday’s trading
- Listing status
- Third day of trading
Quotes
Arun Kejriwal
Founder of Kejriwal Research and Investment Services
“The average weighted NSE share price today is around ₹1770, whereas the NSE share is currently trading at ₹1772 per share on the NSE. If the price sustains above ₹1770 for a few hours, then we can expect the stock to come above ₹1785. However, the previous close would continue to work as immediate resistance for the NSE shares on Monday.”
livemint.com
“NSE shareholders are advised to hold the scrip, maintaining a stop loss at ₹1740. The stock has decisively broken below its IPO price of ₹1785. Now, this is expected to work as an immediate hurdle, followed by its previous close of ₹1792.”
livemint.com
Sources
Related news
NSE Shares Fall Below IPO Price Amid Market Selloff
NSE Shares Rise After Listing, But Investors Should Wait
Apurva Sheth Predicts NSE Listing Premium, Advises Gradual Buying
NSE IPO Set for Debut as Grey Market Premium Weakens
NSE Shares Fall After Strong Debut Rally as Profit-Taking Emerges
NSE IPO Lock-In Debate: Chauhan Downplays Post-Listing Selling Concerns
UPI MDR on Stock Payments Raises Questions Over Who Pays
Tata Teleservices Surges 6% as Markets Fall on Results
Papadmalji Agro Foods Sets September IPO Price Band
