Buy Call, Sept 27: PL Recommends Zero-Debt Burden PSU Stock, TP Rs 1430

Prabhudas Lilladher in its latest report dated September 27 recommended investors to buy financial sector stock, Central Depository Services (India) Ltd (CDSL) with target price of Rs 1430 per share and the analyst has suggested investors to keep stop loss at Rs 1314 per share. Current market price of CDSL share is Rs 1357.40 apiece with intraday gain of 2.24 on NSE. Central Depository Services shares 26% in last 3-months and surged 185% in last 3-years. Check details below:

Central Depository Services (India) Ltd Share Outlook & Return In last 5-Years: Current market price of the small cap debt free PSU stock on NSE is Rs 1357.40 per share. Its 52-week high price is Rs 1430.00 per share and 52-week low price is Rs 880.90 per share, respectively. Its market capitalisation is Rs 14,18,483.00 lakh. CDSL stock offered shareholders return of 19% in last 1-month, gained 8% in last 1-year, and soared 469% in last 5-years.

Central Depository Services Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 149.68 crore, up 6.78% as against Rs 140.18 crore in June 2022. It announced its quarterly net profit at Rs 73.57 crore in June 2023, up 27.32% as against Rs 57.78 crore in June 2022. The company declared its EBITDA at Rs 104.86 crore in June 2023, up 28.35% as against Rs 81.70 crore in June 2022.

Central Depository Services About: Central Depository Services Limited ("CDSL") was found in 1999 to fulfil one goal: Convenient, Dependable and secured depository services. It is a Market Infrastructure Institution (MII) and a crucial part of the Capital market structure, providing services to all Market participants - Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.