Cdsl shares: The selling pressure in the shares of Central Depository Services Limited (CDSL) has not stopped. It has been falling down since the December quarter results were released. Talking about today, it slipped more than 7 percent in intra-day due to selling. It is not careful even by shopping at the lower level and it is still in a very weak condition. Currently, it falls 4.80 per cent on NSE at Rs 1279.50. It fell 7.56 per cent to Rs 1242.50 in intra-day.
Since the results, it has lost about 17 percent during the three business days. On January 23 last week, it closed at Rs 1516.15 with a gain of 0.76 per cent. Last year, on 20 March 2024, it was on a one -year low of Rs 811 and on 17 December 2024 at a record high of Rs 1989.80.
CDSL Q3 Results: Special things
CDSL’s revenue fell by 14 per cent in the December 2024 quarter due to transactional charge, online data charge and other income fall. The savings that was saved by cutting other expenses due to higher expenses on employees and higher costs on computer tech became equal. The margin also fell 4.24 per cent to 57.8% on a quarterly basis. Other income was about half, due to which the net profit was reduced by 20 per cent on a quarterly basis. NET 92 lakh accounts opened in the December quarter while the figure was 1.18 crore in the September quarter. Income from transaction charges fell from ₹ 83 to ₹ 59 crore during this period.
What is the tendency of brokerage?
Two of the 10 analysts covered by CDSL have purchased it, five hold the hold and three have rated the sale. Securities, a brokerage firm B&K, has downed its rating from hold. Apart from this, the target price has also been reduced from ₹ 1,300 to ₹ 1,100. Nuwama has also reduced its target price from ₹ 1,740 to ₹ 1,510 but has retained its hold rating.
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