Why did NCDEX unlisted shares rise recently?
Here’s why NCDEX’s unlisted shares have recently surged
- SEBI Approves New Business Expansion.
The Securities and Exchange Board of India (SEBI) granted NCDEX in-principle approval to access the stock and equity derivatives markets, rather than merely commodities. This is viewed as a significant strategic expansion beyond its typical agricultural commodities derivatives business.
💰 2. Significant capital infusion from major investors
NCDEX raised approximately ₹770 crore through preferential share offering to prominent investors, including billionaire Radhakishan Damani, Zerodha, Groww, and other institutional names. This robust endorsement increased demand and sentiment.
- Investor Confidence and Future Growth Expectations.
The strong backing from well-known investors is viewed as a sign of confidence in NCDEX’s future growth and profitability. Buyers may speculate on future worth, causing unlisted share values to rise.
📊 4. Strong rally in market sentiment
The combination of strategic expansion, regulatory backing, and large investor participation has shifted market expectations, resulting in share values soaring dramatically.
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