NSDL Share Price: Will there be any action in the company's stocks today? Because a big update is coming

News Topical, Digital Desk : Shares of National Securities Depository Limited (NSDL) will be in focus on Tuesday as the company's board meeting will consider its June quarter financial results. This will be NSDL's first quarterly report after going public.
On Monday, NSDL shares rose to an intraday high of ₹ 1,425, a gain of nearly 80% from its IPO price of ₹ 800. The shares declined towards the end of the day and closed down over 12% at ₹ 1,273, a loss of 2.1%.
The company's peer CDSL has improved its topline with a growth of 15.3% over the March quarter. Along with this, margins have also increased. The number of account openings with CDSL declined by 11% on both quarterly and yearly basis, but their demat custody has increased over time.
This rise after the listing of NSDL shares has made it more expensive than CDSL in terms of valuation, whereas before listing it was at a discount.
After the business results coming this week, investors will be looking at the performance of NSDL to see how well the company lives up to the expectations after its IPO and what will be the direction of its shares in the future.

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