The surge in CDSL shows a strong bullish momentum and investor confidence in the stock. In today’s session alone, by 2:40 pm, the stock had climbed 9.8%.
On Monday, by 2:30 pm, 152.99 lakh shares of CDSL were traded on the NSE with a total traded value of Rs 2,496.21 crore. The total market capitalisation of the company stood at Rs 34,903 crore.
CDSL Ltd, a player in the financial services sector, has now reclaimed all its key moving averages on the daily charts, a sign that bullish momentum remains intact.
The stock, listed exclusively on the NSE, touched a high of Rs 1,989 on December 17, 2024. However, it was unable to sustain the upward momentum and faced a sharp selloff, dragging it below key moving averages on the daily charts.
CDSL Q4 results
CDSL reported a 22% year-on-year (YoY) drop in net profit for Q4FY25 to Rs 100.39 crore. Revenue from operations declined 6.7% YoY to Rs 224.45 crore, compared to Rs 240.49 crore a year earlier.Total income declined to Rs 267.37 crore from Rs 255.77 crore in the corresponding period last year, while total expenses increased to Rs 129.40 crore from Rs 100.90 crore.
CDSL share price history
According to Trendlyne data, over the past year, CDSL shares have risen by 60.86%. The stock has gained 2.03% in the last six months and surged 50.98% over the three-month period. On a one-month basis, it is up by 26.72%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
By
