CDSL extends rally; stock zooms 131% against IPO price

The stock hit high of Rs 344, zoomed 131% against initial public offer price of Rs 149 per share.

Can CDSL provide a push to BSE's valuations?

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SI Reporter Mumbai

Last Updated : Jul 07 2017 | 1:50 PM IST

Central Depository Services (CDSL) rallied 17% to Rs 344, extending its Thursday’s 11% surge on the National Stock Exchange (NSE) on back of heavy volumes.

CDSL was trading at its highest level since listing on June 30, 2017, zoomed 131% against its initial public offer (IPO) price of Rs 149 per share. The company, the first depository listed on the country’s stock exchanges, had made stellar debut ended 75% higher to its issue price on debut day.

The Rs 525-crore IPO of CDSL saw a whopping 170 times more demand than shares on offer. CDSL shares are listed

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