Unlisted Stock Prices Slide Amid IPO Caution

Grey market prices of IPO-bound companies have sharply corrected due to overvaluation concerns and HDB Financial's weak listing. Stocks like NSDL, Tata Capital, NSE, and Hero Fincorp saw notable drops. Analysts warn of FOMO-driven buying and advise caution, as unlisted market liquidity and IPO pricing trends pose significant risks.