CDSL - Central Depository Services

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.


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