The CDSL share price [which is the Central Depositor Services Limited] saw a rise by nearly nine per cent to reach a fresh twelve-month peak of INR 1865.40. This rise was observed on the NSE market on the 5th of December 2020. CDSL shares opened the day at INR 1740 following the previous close of IN 1718.60 and increased by around eight and a half per cent reaching the peak value of 1865.40. Approximately at 11:30am, the value of this stock rose to INR 1841.55 which was about seven point fifteen percent increase. This has been the second day consecutively when the stock has risen as it has gained three point three per cent over the previous session.
The low of the stock was recorded as INR 811 on the 20th of MArch 2020. It can be seen that, even though the stock was at its low for a long time, at the moment the stock sits comfortably at its present high level of INR 1865.40 whcih equates to around a one thirty percent rise from ob Jarch with less than nine months timespan.
There has been an upward trend with respect to the stock prices since the start of June as it continues to gain with only two months remaining for the year.
Should investors buy, sell, or hold the stock?
What has been fuelling the appreciation in the stock in the recent times is the strong Q2 results. For the quarter ending Q2FY25, the company’s consolidated profit grew by almost 49 per cent while total income jumped 56 per cent on the back of nearly doubling IPO and corporate action revenue, good KYC revenue, and seasonal e-voting income.
