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The Economic Times
The Economic Times
Business
Veer Sharma

NSE shares fall 2%, slip below IPO price, but analysts’ target prices go up to Rs 2,050. Time to buy?

NSE IPO Emkay PL Capital Macquarie Veer Sharma India BSE SEBI

Shares of newly listed NSE fell 2% to a low of Rs 1,761 on the BSE on Monday, slipping below the IPO price of Rs 1,785 apiece. Following the decline, NSE’s market capitalisation stood at Rs 4.36 lakh crore, placing it as the 11th-largest listed Indian company, ahead of Tata Group’s Titan Company.

Reliance Industries remained India’s most valuable listed company with a market capitalisation of Rs 16.42 lakh crore, followed by HDFC Bank at Rs 11.16 lakh crore. Other companies ranked ahead of NSE include Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, L&T, HUL and Sun Pharma, according to stock exchange data.

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