NSE Stock Falls After Listing, Drops to 12th by Market Value

NSE shares have come under selling pressure after listing at Rs 1,800 on the BSE, with the stock now ranked 12th among India's most valuable listed companies by market capitalisation. The shares had debuted at a premium of Rs 15 to the issue price before rising to an intraday high of Rs 1,878 on the listing day.

The stock has since moved lower across the following sessions. NSE shares broke below the Rs 1,785 upper price band on Monday and failed to sustain a move above the IPO price in early trading on Tuesday.

The fall has also pushed NSE out of the top 10 companies by market value. Sun Pharmaceutical Industries and Hindustan Unilever are currently ranked 11th and 10th respectively, placing NSE at the 12th position.

NSE share price movement after listing

NSE made its BSE debut at Rs 1,800, giving investors who received shares in the issue a Rs 15 premium. Buying interest initially lifted the stock, but the gains did not last.

The share price touched Rs 1,878 during the listing session. Profit booking followed, and the stock made fresh lows in subsequent trading sessions.

The stock also moved below its upper price band of Rs 1,785 on Monday. On Tuesday morning, NSE shares attempted to move above the IPO price of Rs 1,800, but selling at higher levels prevented the stock from holding those gains.

The recent movement has taken NSE from the 10th position among India's most valuable listed companies after listing to the 12th position.

NSE share price detail	Level
BSE listing price	Rs 1,800
Premium to issue price	Rs 15
Listing day intraday high	Rs 1,878
Upper price band	Rs 1,785
Immediate support	Rs 1,760
Immediate resistance	Rs 1,795
Lower price level discussed	Rs 1,700
Higher price level discussed	Rs 1,880

The broader market backdrop has also been cited by market experts as a factor behind the selling pressure. Recent Indian stock market movements have remained an important part of the discussion around the stock's near term movement.

NSE falls out of the top 10 by market value

NSE was ranked as India's 10th most valuable listed company immediately after its listing. The latest ranking places it at number 12.

Sun Pharmaceutical Industries is currently above NSE at number 11, while Hindustan Unilever is at number 10. The change reflects the fall in NSE's market capitalisation after the post listing decline in its share price.

The stock had briefly moved ahead of Hindustan Unilever on the listing day. Continued selling, however, prevented NSE from holding a position among the 10 most valuable listed companies.

Market capitalisation changes with the share price, so a fall in the stock can quickly alter a company's position in such rankings. The latest movement therefore reflects the market value of NSE at the current share price rather than a change in the company's operating business.

What experts said about NSE shares

Market experts cited weak trends in the Indian stock market as one reason for the selling pressure in NSE shares. They also said the company's fundamentals remain strong.

Anuj Gupta, a SEBI registered market expert, identified Rs 1,760 as immediate support and Rs 1,795 as immediate resistance. He said the direction could become clearer if the stock breaks either side of this range.

According to Gupta, a close above Rs 1,795 could take NSE shares towards Rs 1,880. A break below Rs 1,760 could result in a move towards Rs 1,700, which is the lower price level discussed by him.

These levels are technical views from the named market expert and are not confirmed future price outcomes.

NSE share price levels to watch

The current technical levels discussed by experts can be summarised as follows:

• Rs 1,760 is the immediate support level identified by Anuj Gupta.
• Rs 1,795 is the immediate resistance level identified by Gupta.
• A close above Rs 1,795 could put Rs 1,880 in focus, according to Gupta.
• A break below Rs 1,760 could bring Rs 1,700 into focus, according to Gupta.
• The Rs 1,800 IPO price remains an important reference point after the stock's listing.

The stock's movement around these levels will therefore remain relevant for investors tracking the newly listed shares.

What Seema Srivastava said about NSE

Seema Srivastava, Senior Research Analyst at SMC Global Securities, described NSE as a portfolio stock linked to the Indian economy and capital markets.

She said the outlook for both areas is positive and described NSE as a stock intended for a portfolio approach rather than short term trading.

Srivastava also discussed a staggered approach for investors considering NSE shares. She suggested an allocation of 40%, 30% and 30% of surplus funds across different stages, based on how the stock behaves.

This is an individual analyst's view and does not represent a recommendation from WeloMoney.

The discussion around NSE also comes against a wider backdrop of changing market conditions. Investors tracking the Indian stock market today are also watching movements in the broader indices and large listed companies.

What investors should watch

For NSE shares, the immediate focus is likely to remain on price movement around the Rs 1,760 to Rs 1,795 range identified by Gupta. A sustained move above or below that range could change the technical setup described by the expert.

Investors will also be watching whether the broader Indian stock market remains weak, since market conditions have been cited as one factor behind the recent selling in NSE shares.

The company's longer term business performance is another factor to monitor. Srivastava's comments focus on NSE's connection with India's capital markets and economy, while the recent price action has been driven by trading after the company's listing.

For newly listed stocks, the initial sessions can also involve changes in ownership and profit booking as investors who received shares at the issue price decide whether to hold or sell. NSE's movement from Rs 1,800 at listing to the current technical range has brought this post listing price discovery into focus.

Frequently asked questions

What happened to NSE shares after listing?

NSE shares listed on the BSE at Rs 1,800 and later reached an intraday high of Rs 1,878 before coming under selling pressure. The stock subsequently moved below its Rs 1,785 upper price band and fell to the 12th position among India's most valuable listed companies.

What is the support level for NSE shares?

The immediate support level for NSE shares identified by Anuj Gupta is Rs 1,760. He said a break below this level could lead to a test of Rs 1,700.

What is the resistance level for NSE shares?

The immediate resistance level identified by Anuj Gupta is Rs 1,795. He said NSE shares could test Rs 1,880 if the stock closes above Rs 1,795.

What is the NSE IPO price?

NSE shares listed at Rs 1,800 on the BSE, which was Rs 15 above the issue price. The stock later reached Rs 1,878 during its listing session.

Why did NSE fall out of the top 10 most valuable stocks?

NSE fell to the 12th position after its share price declined following listing, reducing its market capitalisation. Sun Pharmaceutical Industries and Hindustan Unilever are currently ranked above NSE at 11th and 10th respectively.

What did Seema Srivastava say about NSE shares?

Seema Srivastava of SMC Global Securities described NSE as a portfolio stock linked to the Indian economy and capital markets. She also discussed a staggered 40%, 30% and 30% allocation approach for investors considering the shares.