Technical’s
After 2.5 years of consolidation, recently CDSL has experienced a channel breakout, then moved to stage- 1 & 2 breakout & consolidation. CDSL is now advancing towards a potential stage 3 breakout
There has been an increase in trading volumes since 27/03/24
Stock is trading above all key moving averages
Fundamentals
Posted stellar Q4 results – with highest ever EBITA,PBT and PAT in any quarter in company’s history
For the entire financial year 2023-24, CDSL reported a net profit of Rs 420 cr., marking a surge of 52% from the preceding year
Market Leader: CDSL is India's leading and only listed depository
CDSL had over 11.56 crore demat accounts in March 2024 showcasing its continued dominance
CDSL has announced a final dividend of Rs. 19 + a special dividend of Rs 3 per equity share- Pending for share holders approval.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.