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NSE shares fall below IPO price as selling pressure continues
On Monday, the stock opened at ₹1,786 on the BSE and hit an intraday low of ₹1,761 shortly after the Opening Bell.
NSE shares slid below the IPO price within three days of listing, extending a downtrend into Monday’s session, according to LiveMint Markets.
The stock opened lower at ₹1,786 per share on the BSE and quickly touched an intraday low of ₹1,761 within minutes of the Opening Bell.
Stock market experts cited weak market sentiment behind the post-listing decline, while arguing the company has strong fundamentals.
They said the close on Monday would be important, noting that a close below ₹1,785 could create a new hurdle, and pointed to ₹1,792 to ₹1,795 as an immediate level to watch.