NSDL Stock Slips Over 20% From Peak as Analysts See Bearish Trend
Shares of National Securities Depository Ltd (NSDL) have fallen more than 20% from their August peak, slipping to around ₹1,132 in Thursday’s session. The stock hit a record high of ₹1,425 on August 11, just days after its market debut, but analysts now highlight a bearish-to-sideways trend dominating its movement.
Market experts note that NSDL is trading below key moving averages, reflecting weak buying interest. Support levels lie between ₹1,040 and ₹1,060, while resistance is seen around ₹1,150–₹1,200. Analysts warn that a daily close below ₹1,100 could intensify the downside, whereas a breakout above ₹1,150 may open a path toward ₹1,175–₹1,200.
Despite the technical weakness, NSDL posted solid fundamentals in Q2 FY26 with a 15% YoY rise in consolidated net profit to ₹110 crore and a 12% growth in revenue to ₹400 crore. EBITDA improved both annually and sequentially, and the company’s net worth stood at ₹2,166.6 crore as of September 30, 2025.
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