CDSL Share Price: Analysis and Forecast for 2023
CDSL is a leading stock depository in India. Its share price has been on a rise in recent years. In this article, we analyze the factors that have driven CDSL's
performance.
Introduction
Central Depository Services Limited (CDSL) is a leading stock depository in India. It is a subsidiary of the BSE and provides depository services for equity shares, debt securities, government securities, and mutual funds. CDSL is the largest stock depository in India in terms of market share.
BSE first appeared on January 31, 2018, according to the report.
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CDSL: NSE
1,344.00 INR +20.80 (1.57%)आज 15 सित॰, 15:30 IST • डिसक्लेमर 1,344.00 INR 3:30 pm
खुला 1,360.00 सबसे ज़्यादा 1,385.00 सबसे कम 1,335.00 बाज़ार पूंजीकरण 1.40 ख॰ P/E अनुपात 48.16 लाभांश प्राप्ति 1.19%
Overview Chart Prediction
UC Limit 1,587.80 LC Limit 1,058.60 Volume 20,37,830 i VWAP 1,362.61 Mkt Cap (Rs. Cr.) More Open 1,360.00 Previous Close 1,323.20
0 Beta 0.82 14,048 20D Avg Volume 17,28,922 20D Avg Delivery
Trend for TTM EPS 27.92 (-4.37% YoY)
TTM P/B Trend 12.36 (High P/B) PE Trend 48.15 (Average PE)
Area PE 37.66
108.74 book value per share
10 Face Value Dividend Yield P/C 43.54 1.19
Share Price of Central Dep. Service: Standalone Charts Peers Ratios Share Holding Quarterly P&L Balance Sheet Corp. Action Investors Docs News Ticker
(India) Central Depository Services Ltd.
Finance - NBFC, NSE: CDSL Sector, 361k, 4k, 1k
1,344.40 +21.20 (1.60%)
NSE: 04:11 15 Sep
Summary of prices TODAY'S HIGH: 1,385
LOW FOR TODAY IS 1,335
1,430 52 WEEK HIGH
LOW FOR 52 WEEKS: 880.90
Factors Driving CDSL's Share Price Up
There are a number of factors that have driven CDSL's share price up in recent years. These include:
Growth in the Indian stock market: The Indian stock market has grown rapidly in recent years. This has led to an increase in the number of demat accounts and the volume of transactions processed by CDSL.
Demonetization: The demonetization of high-value currency notes in 2016 led to a sharp increase in the number of demat accounts opened in India. This benefited CDSL, which is the largest stock depository in India.
Government initiatives: The Indian government has taken a number of initiatives to promote the Indian stock market and make it more accessible to investors. These initiatives have benefited CDSL, which provides depository services for equity shares, debt securities, government securities, and mutual funds.
Forecast for CDSL's Share Price in 2023
Analysts are bullish on CDSL's share price in 2023. They believe that the factors that have driven CDSL's share price up in recent years will continue to support its growth in the coming years.
A recent report by Motilal Oswal Securities has a target price of Rs 1,800 for CDSL's share price by March 2024. The report states that CDSL is well-positioned to benefit from the growth of the Indian stock market and the government's initiatives to promote financial inclusion.
FAQ
What is CDSL?
CDSL is a stock depository in India. It provides depository services for equity shares, debt securities, government securities, and mutual funds.
What are the factors driving CDSL's share price up?
The factors driving CDSL's share price up include the growth of the Indian stock market, demonetization, and government initiatives to promote the Indian stock market.
What is the forecast for CDSL's share price in 2023?
Analysts are bullish on CDSL's share price in 2023. They believe that the factors that have driven CDSL's share price up in recent years will continue to support its growth in the coming years.
Conclusion
CDSL is a leading stock depository in India. Its share price has been on a rise in recent years. Analysts are bullish on CDSL's share price in 2023. They believe that the factors that have driven CDSL's share price up in recent years will continue to support its growth in the coming years.
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