Fri Dec 06 04:00:00 UTC 2024: ## CDSL Stock Soars to All-Time High on Strong Earnings and Account Growth

**MUMBAI, INDIA** – Shares of Central Depository Services (CDSL) surged over 8 percent on December 5th, reaching a record high of Rs 1,865 per share. The dramatic increase, the largest in eight weeks, saw over 1 crore shares traded on the BSE and NSE, significantly exceeding the one-week average. This follows a year of exceptional growth for the company, with its stock price more than doubling in 2024, far outpacing the benchmark Nifty 50 index.

CDSL’s strong performance is underpinned by robust financial results. For the quarter ending September 2024, the company reported a 49 percent year-on-year increase in net profit, reaching Rs 162 crore, and a 55.5 percent YoY surge in revenue, climbing to Rs 322 crore. The company also achieved a milestone, surpassing 13.5 crore registered demat accounts, with a remarkable 1.18 crore new accounts added in the second quarter alone.

Despite the impressive gains, some analysts remain cautious. While two brokerages recommend a “buy” rating, five suggest a “hold,” and two advise a “sell.” Foreign institutional investors (FIIs) and mutual funds have slightly reduced their holdings in CDSL in recent quarters.

The surge in CDSL’s share price highlights the robust growth in India’s demat account market and the company’s leading position as the largest depository by active accounts. However, investors are advised to consult with financial experts before making any investment decisions.

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Fri Dec 06 04:00:00 UTC 2024: ## CDSL Stock Soars to All-Time High on Strong Earnings and Record Demat Accounts

**Mumbai, India** – Shares of Central Depository Services (CDSL) surged over 8 percent on December 5th, reaching a record high of Rs 1,865 per share. The impressive jump, the largest in eight weeks, saw over 1 crore shares traded on the BSE and NSE, significantly exceeding the one-week average. This follows a year of exceptional growth, with the CDSL stock more than doubling in value in 2024, outpacing the Nifty 50’s 12 percent increase.

The strong performance is attributed to the company’s robust financial results. In the September 2024 quarter, CDSL reported a 49 percent year-on-year increase in net profit, reaching Rs 162 crore, and a 55.5 percent YoY jump in revenue to Rs 322 crore. Furthermore, CDSL surpassed 13.5 crore registered demat accounts, a significant milestone achieved first by the depository. The second quarter of FY 2024-25 alone witnessed the addition of 1.18 crore new accounts.

Despite the positive performance, some institutional investors have reduced their holdings. Foreign Institutional Investors (FIIs) decreased their stake to 13.7 percent from 14 percent, while mutual funds trimmed their holdings to 13.3 percent from 15.88 percent. However, CDSL remains the largest depository in India by active demat accounts.

Analyst sentiment is mixed, with nine brokerages covering the stock, two recommending a buy, five suggesting a hold, and two recommending a sell. Investors are advised to consult with financial professionals before making any investment decisions.

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