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The September quarter of 2023 marked a high point for the NSE, with a record-breaking addition of 1,666 investors. The volume of shares held by these investors also surged from 91.5 lakh to a massive 4.33 crore.
In terms of trading activity, NSE stocks were among the top five most traded stocks in value terms between December 2022 and March 2023. Meanwhile, in the grey market, NSE shares saw a four-fold price increase, trading at about ₹3,200 per piece. This valued the stock at approximately 21 times its FY23 earnings.
For comparison, listed peers BSE and MCX had price-to-earnings (PE) ratios of 122x and 89x, respectively, during this same three-year period. Despite the timing of NSE’s public issue remaining uncertain, the surge in retail investor participation signifies growing interest in the country’s largest stock exchange.
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