Mon Jan 27 07:38:09 UTC 2025: ## CDSL Shares Plunge on Lower Income Despite Profit Rise
**Mumbai, [Date of Publication]** – Shares of Central Depository Services (India) Ltd (CDSL) experienced a significant downturn on Monday, marking their second consecutive day of decline. The stock plummeted 9.45%, hitting a low of Rs 1,358.35. This sharp fall follows a 26.27% year-on-year decrease in total income to Rs 298 crore during the December 2024 quarter (Q3 FY25), although net profit simultaneously rose 21.49% to Rs 130 crore.
Despite the increase in net profit, the sequential decline in both total income (16.99%) and profit (19.75%) contributed to investor concern. While CDSL reported a milestone of over 14.65 crore demat accounts by December 31, 2024, and the opening of 92 lakh new accounts during Q3 FY25, the drop in income overshadowed this positive development.
High trading volume was observed, with around 57.19 lakh shares changing hands on the National Stock Exchange (NSE) at a traded value of Rs 790.26 crore. CDSL’s market capitalization currently stands at Rs 28,651.81 crore.
Market experts expressed mixed opinions. Vinit Bolinjkar, Head of Research at Ventura Securities, suggested the stock might be overvalued and predicted further corrections. Conversely, Kush Ghodasara viewed the dip as a potential long-term investment opportunity, recommending accumulation at lower price points. He noted that a close below Rs 1,370 could trigger a further correction towards Rs 1,100.
CDSL’s share price currently trades below several key moving averages, indicating a bearish trend. However, it remains above the 200-day SMA. The company, a key market infrastructure institution (MII) in India, provides crucial depository services to a wide range of market participants.
First Piper 