Central Depository Services (India) Ltd (CDSL) share price dropped sharply on Monday, continuing a 2-day decline. The stock fell by 9.45%, reaching a low of ₹1,358.35.
As of 12:52 AM, CDSL share price is currently priced at ₹1,364.50, reflecting a decline of ₹135.75 (9.05%) today. Over the past 5 days, the stock has fallen by ₹218.50 (13.80%), and in the past month, it has decreased by ₹413.05 (23.24%). However, in the past six months, it has risen by ₹141.50 (11.57%), and over the past year, it has gained ₹481.80 (54.58%). Over the last 5 years, the stock has surged by ₹1,236.40 (965.18%).
The decline in CDSL’s share price follows a drop in its total income, which fell 26.27% year-on-year (YoY) to ₹298 crore for the December 2024 quarter (Q3 FY25) from ₹236 crore the previous year. However, the company’s net profit increased by 21.49% YoY, rising to ₹130 crore from ₹107 crore in the same quarter last year.
On a sequential basis, total income and profit declined by 16.99% and 19.75%, respectively.
Despite the financial dip, CDSL achieved a significant milestone, becoming the first depository to register over 14.65 crore demat accounts as of December 31, 2024. During Q3 FY25, 92 lakh new demat accounts were opened.
CDSL is a depository registered with the market regulator SEBI. It was established to provide a secure, convenient, and cost-effective depository service for market participants. CDSL plays a key role in the Indian market infrastructure, enabling the electronic holding and transaction of securities and facilitating trade settlements. The company offers services to a wide range of capital market entities, including depository participants, issuers, investors, and exchanges.
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Published on: Jan 27, 2025, 12:57 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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