Central Depository Services Limited (CDSL) is one of the two main securities depository organizations in the country, with the other being the National Securities Depository Limited (NSDL).
CDSL plays a crucial role in the Indian financial market by facilitating the electronic holding and transfer of securities. In FY21, CDSL became the first depository with more than 3 crore demat accounts.
🔹 Technicals:
▸ Price pulled back to 20, 50 EMA and gave a strong up move.
▸ Taking a pause after the vertical up move of 30% in 6 sessions
▸ There is a confluence zone of previous resistance level, moving averages, and a demand zone. This means that there is a high probability of a bounce from this area.
▸ Additionally, the price seems to be moving in an upward parallel channel.
🔸 Financials:
March 2023
▸ Sales: 555 Cr
▸ Sales Growth: 0.7%
▸ Net Profit: 276 Cr
▸ Net Profit Growth: -11%
▸ OPM: 57%
March 2022
▸ Sales: 551 Cr
▸ Sales Growth: 60%
▸ Net Profit: 312 Cr
▸ Net Profit Growth: 55%
▸ OPM: 66%
March 2021
▸ Sales: 344 Cr
▸ Sales Growth: 60%
▸ Net Profit: 201 Cr
▸ Net Profit Growth: 88%
▸ OPM: 62%
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
CDSL plays a crucial role in the Indian financial market by facilitating the electronic holding and transfer of securities. In FY21, CDSL became the first depository with more than 3 crore demat accounts.
🔹 Technicals:
▸ Price pulled back to 20, 50 EMA and gave a strong up move.
▸ Taking a pause after the vertical up move of 30% in 6 sessions
▸ There is a confluence zone of previous resistance level, moving averages, and a demand zone. This means that there is a high probability of a bounce from this area.
▸ Additionally, the price seems to be moving in an upward parallel channel.
🔸 Financials:
March 2023
▸ Sales: 555 Cr
▸ Sales Growth: 0.7%
▸ Net Profit: 276 Cr
▸ Net Profit Growth: -11%
▸ OPM: 57%
March 2022
▸ Sales: 551 Cr
▸ Sales Growth: 60%
▸ Net Profit: 312 Cr
▸ Net Profit Growth: 55%
▸ OPM: 66%
March 2021
▸ Sales: 344 Cr
▸ Sales Growth: 60%
▸ Net Profit: 201 Cr
▸ Net Profit Growth: 88%
▸ OPM: 62%
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
