NSE share price jumps up to 45% in 3-4 months on IPO buzz. Will the uptrend continue?
While there is still a suspense over the timing of National Stock Exchanges’ (NSE’s) initial public offering (IPO), the buzz around its public issue has grown in the last 3-4 months, sparking a rally in its share price by 35-45% in the unlisted market.
From a price of Rs 4,300, 3-4 months ago, NSE shares are now trading at around Rs 5,800 per share, which represents a 35% uptick, said one analyst. He however, conceded that the prices have become stagnant because there are not enough shares getting traded now amid the growing buzz around its listing.
Investors who have already taken position are waiting for its listing because of the promise the stock is showing and it is commanding a higher premium than the current market price, this…
