# Central Depository Services (India) (CDSL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/cdsl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,331.4
- Change: -0.19%
- As of: 2026-11-06
- 1D return: -0.19%
- 5D return: +5.42%
- 1M return: +5.83%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

CDSL closed at ₹1,331.40 on 2026-11-06, trading within a narrow daily range of ₹1,310.80–₹1,333.00 after a -0.2% decline. The stock is currently positioned near the upper end of its 20-day range (+89.2%) and in the lower-middle of its 252-day range (+38.6%). On the daily chart, price remains above all supplied moving averages (EMA/SMA 20/50/200) and the Supertrend, which is bullish, though the ADX of 20.1 indicates developing rather than strong trend conviction. This contrasts with the monthly horizon, where price sits below all supplied moving averages despite a bullish Supertrend, suggesting longer-term resistance. Participation was notable on 2026-11-03 with a +5.4% move on 3.53x average volume, but recent anomalies include an extreme upward gap on 2026-11-05 followed by a high-severity downward gap on 2026-11-06, signaling short-term volatility. Key support lies at ₹1,323.07 (-0.63%) and ₹1,315.10 (-1.22%), while immediate resistance is at ₹1,337.63 (pivot, +0.47%) and ₹1,345.50 (high, +1.06%). The stock carries a current drawdown of -26.4% from available highs and annualized volatility of +35.4%. A sustained break above ₹1,337.63 with volume would confirm short-term momentum; failure to hold above ₹1,323.07 may expose downside toward ₹1,315.10.

- Price structure: Daily trend is technically bullish (price above all MAs and Supertrend), but monthly trend shows price below all MAs, indicating conflicting timeframes.
- Volatility signals: Recent extreme gaps (+0.8% on 11/05, -0.2% on 11/06) and high-severity downward anomaly suggest elevated short-term uncertainty.
- Key levels: Immediate resistance at ₹1,337.63 (+0.47%); key support at ₹1,323.07 (-0.63%) and ₹1,315.10 (-1.22%).
- Risk context: Current drawdown is -26.4% from available highs; annualized volatility stands at +35.4%, reflecting significant price swings.

- Doji
- Inside Bar
- Shooting Star
- Outside Bar
- Harami

### News Context

Central Depository Services Ltd (CDSL) reported strong operational growth for the September quarter, with consolidated net profit rising 24% year-on-year to ₹173.9 crore. The company’s demat account base expanded by 17%, while assets under custody surpassed ₹89 lakh crore. These figures underscore sustained demand for depository services amid broader market participation.

Market reaction to these results and subsequent policy signals has been volatile. Shares rose up to 7% on November 3 following Finance Minister Nirmala Sitharaman’s statement indicating openness to reviewing equity taxation concerns. However, technical analysis published on November 4 noted that despite this rebound, the stock remains down over 25% from recent highs, though it has reclaimed key moving averages. Brokerage views are mixed; Motilal Oswal assigned a neutral rating with a target price of ₹1,300 on November 3, citing limited upside potential at current levels.

- CDSL posted Q2FY27 consolidated net profit of ₹173.9 crore, a 24% increase year-on-year, alongside a 17% expansion in its demat account base.
- Assets under custody held by CDSL crossed ₹89 lakh crore during the reporting period, reflecting continued asset accumulation in the depository system.
- Shares surged up to 7% on November 3 after the Finance Minister signaled potential reviews of equity tax concerns, reversing earlier declines.
- Motilal Oswal maintained a neutral rating with a ₹1,300 target on November 3, suggesting limited near-term upside despite the recent policy-driven rally.

- [Stock Radar: Down over 25% from highs! CDSL stock showing signs of bottoming out; time to buy?](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-down-over-25-from-highs-cdsl-stock-showing-signs-of-bottoming-out-time-to-buy/articleshow/135535646.cms)
- [Neutral CDSL; target of Rs 1300: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-cdsl-target-of-rs-1300-motilal-oswal-14067747.html)
- [Angel One, CDSL, Motilal Oswal shares rise up to 7% as FM Sitharaman says open to reviewing equity tax concerns](https://www.moneycontrol.com/news/business/markets/angel-one-cdsl-motilal-oswal-shares-rise-up-to-7-as-fm-sitharaman-says-open-to-reviewing-equity-tax-concerns-14067376.html)
- [CDSL shares in focus after Q2 profit jumps 24%; demat base grows 17%](https://www.cnbctv18.com/market/cdsl-share-price-q2-results-profit-jumps-demat-base-grows-assets-under-custody-20024458.htm)
- [Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)

### What Changed

Central Depository Services (India) Limited (CDSL) reported consolidated total income of ₹417.30 crores and a net profit of ₹173.30 crores for the quarter ended September 30, 2026, following its earnings conference call on November 2, 2026. The company highlighted a record IPO market with proceeds exceeding US$9 billion and an industry demat account base reaching approximately 24 crores, where CDSL holds over 80% market share with 19.34 crores accounts. Operational updates include new leadership appointments effective September 2026 and revised online data charges, setting creation at ₹5 and fetch at ₹28. Regulatory developments regarding bank deposit information in consolidated statements via the Account Aggregator system were also noted. As of November 6, 2026, the stock traded at ₹1,331.40, up from ₹1,323.80.

- {'metric': 'Q2 FY27 Financial Performance', 'value': 'Consolidated total income of ₹417.30 crores and net profit of ₹173.30 crores for the quarter ended September 30, 2026.'}
- {'metric': 'Market Share & Industry Growth', 'value': 'Holds over 80% market share with 19.34 crores accounts against an industry base of ~24 crores; IPO proceeds exceeded US$9 billion.'}
- {'metric': 'Operational & Regulatory Updates', 'value': 'New leadership appointments effective September 2026; revised online data charges (creation: ₹5, fetch: ₹28); regulatory focus on bank deposit info via Account Aggregator.'}
- {'metric': 'Stock Price Movement', 'value': 'Price rose to ₹1,331.40 on November 6, 2026, from ₹1,323.80 previously.'}

- [Central Depository Services (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261106_113654090.xml)
- [CDSL has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call held on November 02, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_05112026164633_NSEIntimationTranscript02112026Sd.pdf)

### Official Filings

CDSL’s Q2 FY27 results show robust profitability, with consolidated net profit rising to ₹173.30 crores on total income of ₹417.30 crores for the quarter ended September 30, 2026. Management cited a record IPO market (proceeds >US$9 billion) and an industry demat base of ~24 crores as key drivers, with CDSL maintaining its dominant 80%+ market share at 19.34 crores accounts. Operational updates include revised online data charges (creation: ₹5, fetch: ₹28) and new leadership appointments effective September 2026. On the regulatory front, SEBI imposed a ₹1 crore penalty on October 30, 2026, for FY23-24 operational/IT inspection observations; the company states this has no material financial or operational impact beyond the payment itself. The Board also approved audited results with unmodified opinions from S.R. Batliboi & Co. LLP.

- Q2 FY27 Consolidated Net Profit: ₹173.30 crores (Total Income: ₹417.30 crores)
- Market Position: 19.34 crores demat accounts (~80% share of industry's ~24 crores)
- Regulatory Penalty: ₹1,00,00,000 imposed by SEBI on Oct 30, 2026, for FY23-24 IT/operational matters
- Operational Changes: Revised online data charges (Creation: ₹5, Fetch: ₹28); New leadership appointed Sept 2026

- [Central Depository Services (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261106_113654090.xml)
- [CDSL has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call held on November 02, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_05112026164633_NSEIntimationTranscript02112026Sd.pdf)
- [Central Depository Services (India) Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261103_114201530.xml)
- [CDSL has informed the Exchange regarding a press release dated November 03, 2026, titled "CDSL Receives Great Place To Work® Certification". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CDSL_03112026125814_NSEIntimation_PressRelease_finalsd.pdf)
- [CDSL has informed the Exchange about Schedule of Analyst Call with Balyasny Asset Management (Hong Kong) Limited to be held on Friday, November 06, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_03112026152936_ConCallInvite_Nov06_2026_sd.pdf)
- [Central Depository Services (India) Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261103_153423619.xml)
- [CDSL has informed the Exchange about the link of audio recording of the conference call held on November 02, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_02112026174345_NSEIntimation_Concall_02Nov2026_sd.pdf)
- [CDSL has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CDSL_01112026143902_Newspaper_31102026_Final_Signed.pdf)
- [CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_15277_WebXMLFile_20261031_131725542.xml)
- [CDSL has submitted to the Exchange, the financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CDSL_31102026141138_OutcomeBM31102026_Signed.pdf)

### Fundamentals

Central Depository Services (India) demonstrated a strong operational recovery in Q2 FY2026-27, with revenue from operations rising 34.5% sequentially to ₹394 crore and net profit jumping 46.6% to ₹173 crore. This follows a subdued Q1, where revenue was ₹293 crore and net profit was ₹118 crore, indicating a significant acceleration in earnings momentum. The company’s balance sheet remains robust, with total assets growing to ₹2,723 crore as of September 2026, supported by high equity reserves of ₹2,026 crore. Cash generation continues to be efficient, with the cash conversion cycle improving to 21 days in Mar 2026 from 30 days in Mar 2024, reflecting effective working capital management. However, return on capital employed (ROCE) declined to 32% in Mar 2026 from 42% in Mar 2025, likely due to increased investments in fixed assets and capital work-in-progress (CWIP rose to ₹12 crore). Shareholding patterns show a slight reduction in FII stakes to 8.66%, while promoter holding remained stable at 15%. The key focus for investors is whether this sequential profit surge sustains into the full fiscal year, given the historical volatility in quarterly sales growth.

- Q2 FY2026-27 revenue surged 34.5% to ₹394 crore, driving net profit up 46.6% to ₹173 crore, marking a sharp rebound from Q1's ₹118 crore.
- Balance sheet strength is evident with total assets reaching ₹2,723 crore and equity at ₹2,026 crore, though current liabilities also rose to ₹649 crore.
- ROCE declined to 32% in Mar 2026 from 42% in Mar 2025, coinciding with an increase in CWIP to ₹12 crore, suggesting ongoing capital deployment.
- FII ownership decreased to 8.66% in Sep 2026, while promoter holding remained constant at 15%, indicating stable insider confidence.

### Bull Case

CDSL demonstrates operational momentum that could support a constructive interpretation, contingent on the sustainability of its core growth drivers. For the September quarter, consolidated net profit rose 24% year-on-year to ₹173.9 crore, while the demat account base expanded by 17%. These figures indicate robust underlying demand for depository services, with assets under custody also crossing ₹89 lakh crore. Technically, the stock has rebounded from lower boundaries and reclaimed key moving averages, with daily and monthly super-trend indicators signaling bullish momentum as of November 6, 2026. Additionally, policy signals regarding equity taxation have previously provided upside catalysts, evidenced by share price gains of up to 7% following relevant ministerial statements.

- Q2 consolidated net profit grew 24% YoY to ₹173.9 crore, supported by a 17% expansion in the demat account base.
- Assets under custody exceeded ₹89 lakh crore, reflecting continued scale in the depository business.
- Technical indicators show a bullish super-trend on both daily and monthly timeframes, with the stock reclaiming key moving averages.
- Policy sensitivity remains a factor, with shares rising up to 7% on announcements regarding potential reviews of equity taxation.

- [Stock Radar: Down over 25% from highs! CDSL stock showing signs of bottoming out; time to buy?](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-down-over-25-from-highs-cdsl-stock-showing-signs-of-bottoming-out-time-to-buy/articleshow/135535646.cms)
- [Neutral CDSL; target of Rs 1300: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-cdsl-target-of-rs-1300-motilal-oswal-14067747.html)
- [Angel One, CDSL, Motilal Oswal shares rise up to 7% as FM Sitharaman says open to reviewing equity tax concerns](https://www.moneycontrol.com/news/business/markets/angel-one-cdsl-motilal-oswal-shares-rise-up-to-7-as-fm-sitharaman-says-open-to-reviewing-equity-tax-concerns-14067376.html)
- [CDSL shares in focus after Q2 profit jumps 24%; demat base grows 17%](https://www.cnbctv18.com/market/cdsl-share-price-q2-results-profit-jumps-demat-base-grows-assets-under-custody-20024458.htm)
- [Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- [Central Depository Services (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261106_113654090.xml)
- [CDSL has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call held on November 02, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_05112026164633_NSEIntimationTranscript02112026Sd.pdf)
- [Central Depository Services (India) Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261103_114201530.xml)
- [CDSL has informed the Exchange regarding a press release dated November 03, 2026, titled "CDSL Receives Great Place To Work® Certification". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CDSL_03112026125814_NSEIntimation_PressRelease_finalsd.pdf)
- [CDSL has informed the Exchange about Schedule of Analyst Call with Balyasny Asset Management (Hong Kong) Limited to be held on Friday, November 06, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_03112026152936_ConCallInvite_Nov06_2026_sd.pdf)

### Bear Case

CDSL faces notable headwinds despite recent operational growth. The stock has declined 26.4% from its all-time high, with a year-to-date return of -7.9% and a one-year return of -13.1%, indicating significant underperformance relative to peak valuations. Technical indicators highlight elevated risk, with an annualized volatility of 35.4% and a maximum drawdown of -41.5%. While the daily Supertrend is bullish, the weekly trend shows weakening momentum, evidenced by a negative SMA 50 slope of -33.25 and an ADX of only 15.9, suggesting a lack of strong directional conviction. Brokerage sentiment remains cautious; Motilal Oswal has assigned a neutral rating with a target of ₹1,300, implying limited upside from the current price of ₹1,331.4. Although Q2 profits rose 24% YoY to ₹173.9 crore, the market setup reflects caution regarding valuation sustainability and near-term price stability.

- Significant price depreciation: Stock is down 26.4% from highs and -7.9% YTD, with a one-year return of -13.1%.
- High volatility and drawdown risk: Annualized volatility stands at 35.4%, with a historical maximum drawdown of -41.5%.
- Weak technical momentum: Weekly SMA 50 slope is negative (-33.25) and ADX is low (15.9), signaling weak trend strength despite daily bullish signals.
- Neutral brokerage outlook: Motilal Oswal rates CDSL as 'neutral' with a target of ₹1,300, suggesting limited upside from the current level of ₹1,331.4.

- [Stock Radar: Down over 25% from highs! CDSL stock showing signs of bottoming out; time to buy?](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-down-over-25-from-highs-cdsl-stock-showing-signs-of-bottoming-out-time-to-buy/articleshow/135535646.cms)
- [Neutral CDSL; target of Rs 1300: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-cdsl-target-of-rs-1300-motilal-oswal-14067747.html)
- [Angel One, CDSL, Motilal Oswal shares rise up to 7% as FM Sitharaman says open to reviewing equity tax concerns](https://www.moneycontrol.com/news/business/markets/angel-one-cdsl-motilal-oswal-shares-rise-up-to-7-as-fm-sitharaman-says-open-to-reviewing-equity-tax-concerns-14067376.html)
- [CDSL shares in focus after Q2 profit jumps 24%; demat base grows 17%](https://www.cnbctv18.com/market/cdsl-share-price-q2-results-profit-jumps-demat-base-grows-assets-under-custody-20024458.htm)
- [Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- [Central Depository Services (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261106_113654090.xml)
- [CDSL has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call held on November 02, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_05112026164633_NSEIntimationTranscript02112026Sd.pdf)
- [Central Depository Services (India) Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261103_114201530.xml)
- [CDSL has informed the Exchange regarding a press release dated November 03, 2026, titled "CDSL Receives Great Place To Work® Certification". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CDSL_03112026125814_NSEIntimation_PressRelease_finalsd.pdf)
- [CDSL has informed the Exchange about Schedule of Analyst Call with Balyasny Asset Management (Hong Kong) Limited to be held on Friday, November 06, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_03112026152936_ConCallInvite_Nov06_2026_sd.pdf)

### FAQs

**What were CDSL's financial results and operational metrics for Q2 FY27?**

For the quarter ended September 30, 2026, CDSL reported consolidated total income of ₹417.30 crore and net profit of ₹173.30 crore. The demat account base grew 17% year-on-year to approximately 19.34 crore accounts, holding over 80% market share. Assets under custody crossed ₹89 lakh crore.

**How has CDSL's stock price performed recently, and what are the key technical levels?**

As of November 6, 2026, CDSL shares closed at ₹1,331.40, with a market capitalization of ₹278,806 crore. The stock is down -26.4% from its start-of-period high (-41.5% maximum drawdown) but has rebounded +12.0% over the last 10 days. Immediate resistance sits near ₹1,337.63, while support is observed around ₹1,323.07.

**What recent policy developments or corporate actions have impacted CDSL?**

Shares rose up to 7% following Finance Minister Nirmala Sitharaman's statement on reviewing equity tax concerns. Additionally, CDSL revised online data charges effective recently (creation: ₹5, fetch: ₹28). The company also received the Great Place To Work® Certification for October 2026 to October 2027.

- [Stock Radar: Down over 25% from highs! CDSL stock showing signs of bottoming out; time to buy?](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-down-over-25-from-highs-cdsl-stock-showing-signs-of-bottoming-out-time-to-buy/articleshow/135535646.cms)
- [Neutral CDSL; target of Rs 1300: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-cdsl-target-of-rs-1300-motilal-oswal-14067747.html)
- [Angel One, CDSL, Motilal Oswal shares rise up to 7% as FM Sitharaman says open to reviewing equity tax concerns](https://www.moneycontrol.com/news/business/markets/angel-one-cdsl-motilal-oswal-shares-rise-up-to-7-as-fm-sitharaman-says-open-to-reviewing-equity-tax-concerns-14067376.html)
- [CDSL shares in focus after Q2 profit jumps 24%; demat base grows 17%](https://www.cnbctv18.com/market/cdsl-share-price-q2-results-profit-jumps-demat-base-grows-assets-under-custody-20024458.htm)
- [Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- [Central Depository Services (India) Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261106_113654090.xml)
- [CDSL has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call held on November 02, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_05112026164633_NSEIntimationTranscript02112026Sd.pdf)
- [Central Depository Services (India) Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261103_114201530.xml)
- [CDSL has informed the Exchange regarding a press release dated November 03, 2026, titled "CDSL Receives Great Place To Work® Certification". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CDSL_03112026125814_NSEIntimation_PressRelease_finalsd.pdf)
- [CDSL has informed the Exchange about Schedule of Analyst Call with Balyasny Asset Management (Hong Kong) Limited to be held on Friday, November 06, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CDSL_03112026152936_ConCallInvite_Nov06_2026_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,337.63
- Risk regime: Price Risk Requires Attention

### Support levels
- 1315.1
- 1236.430078125
- 1156.50625

### Resistance levels
- 1345.5
- 1359.5109375000002
- 1479.975

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.19% |
| return_10 | +12.02% |
| return_1m | +5.38% |
| return_1y | -13.15% |
| return_20 | +5.83% |
| return_3m | +0.03% |
| return_5 | +5.42% |
| return_6m | +3.79% |
| return_since_start | -26.39% |
| return_ytd | -7.94% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -41.49% |
| annualized_volatility | +35.42% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Central Depository Services (India) Limited Q2 FY2026-27: Revenue rises 34.7% QoQ

Revenue from operations rose 34.7% quarter on quarter to ₹394.48 crore in Q2 FY2026-27, while profit before tax increased 38.7% to ₹230.78 crore. Profit for the period was ₹173.30 crore, and basic and diluted EPS were ₹8.32 each. Expenses grew 7.1% QoQ, below the pace of revenue growth.

## Revenue and expenses

Total income increased 22.6% QoQ to ₹417.30 crore from ₹340.50 crore in Q1 FY2026-27. Revenue from operations was up 23.7% year on year from ₹318.89 crore in Q2 FY2025-26. Other income was ₹22.82 crore. Inter-segment revenue rose to ₹31 lakh from ₹22 lakh in Q1, a small contribution to total income.

Expenses increased to ₹186.52 crore from ₹174.08 crore in Q1 FY2026-27, a 7.1% rise. Employee benefit expense was ₹46.03 crore and depreciation, depletion and amortisation expense was ₹20.49 crore. Profit before tax rose to ₹230.78 crore from ₹166.42 crore in Q1 and ₹183.96 crore in Q2 FY2025-26. The faster sequential growth in pre-tax profit than revenue coincided with slower expense growth.

## Profit and per-share earnings

Tax expense was ₹57.09 crore, compared with ₹49 crore in Q1 FY2026-27. It included current tax of ₹61.49 crore and a deferred tax credit of ₹4.40 crore; the prior quarter included a deferred tax charge of ₹10 crore.

Profit for the period was ₹173.30 crore, up 47.3% QoQ from ₹117.67 crore, and 23.8% above ₹139.93 crore in Q2 FY2025-26. Profit from continuing operations was ₹173.69 crore. Basic and diluted EPS were both ₹8.32, compared with ₹5.62 in Q1 FY2026-27 and ₹6.71 in Q2 FY2025-26. Trailing twelve-month EPS was ₹24.16 at 30 September 2026.

## Cash flow and balance sheet

Operating activities generated ₹478.16 crore of cash during the quarter. Investing activities used ₹229.51 crore and financing activities used ₹267.15 crore. Reported free cash flow was ₹248.65 crore.

At 30 September 2026, total assets were ₹2,722.69 crore, up from ₹2,419.03 crore at 31 March 2026. Noncurrent investments increased to ₹1,065.20 crore from ₹759.35 crore, while current investments were ₹733.33 crore, compared with ₹727.73 crore. Cash and cash equivalents declined to ₹32.90 crore from ₹51.40 crore. Total equity was ₹2,025.57 crore, versus ₹2,002.24 crore at the year-end date.

## Key Takeaway

CDSL recorded strong sequential revenue growth, with pre-tax profit rising faster as expenses grew more slowly. The quarter also ended with higher total assets and noncurrent investments but lower cash than at 31 March 2026.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +15.00%
- FII holding: +8.67%
- DII holding: +17.78%
- Mutual fund holding: +9.64%
- Retail holding: +49.81%
- Promoter pledged: +0.00%

### Major reported shareholders

- Bse Limited — +15.00% (Bodies Corporate)
- LICI ASM NON PAR — +4.40%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY SMALL CAP 250 INDEX FUND — +1.35%
- PARAG PARIKH FLEXI CAP FUND — +1.13%
- MIRAE ASSET NIFTY SMALLCAP 250 ETF — +1.09%
- SBI ESG EXCLUSIONARY STRATEGY FUND — +1.00%

## Official filings

- 2026-11-06 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261106_113654090.xml)
- 2026-11-05 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_05112026164633_NSEIntimationTranscript02112026Sd.pdf)
- 2026-11-03 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261103_114201530.xml)
- 2026-11-03 — Press Release: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_03112026125814_NSEIntimation_PressRelease_finalsd.pdf)
- 2026-11-03 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_03112026152936_ConCallInvite_Nov06_2026_sd.pdf)
- 2026-11-03 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261103_153423619.xml)
- 2026-11-02 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_02112026174345_NSEIntimation_Concall_02Nov2026_sd.pdf)
- 2026-11-01 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_01112026143902_Newspaper_31102026_Final_Signed.pdf)
- 2026-10-31 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_15277_WebXMLFile_20261031_131725542.xml)
- 2026-10-31 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_31102026141138_OutcomeBM31102026_Signed.pdf)
- 2026-10-31 — Press Release: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_31102026142410_Press_release_Signed.pdf)
- 2026-10-31 — Financial Results Filing: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750642_31102026034300_WEB.xml)
- 2026-10-31 — Financial Results Filing: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750643_31102026034333_WEB.xml)
- 2026-10-31 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_31102026155542_CDSL_InvestorPresentation_Signed.pdf)
- 2026-10-30 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_30102026191314_IntimationofPenalty30102026_sd.pdf)
- 2026-10-28 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15277_WebXMLFile_20261028_180507985.xml)
- 2026-10-28 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_28102026180148_Retirement_Ashish_Bhatt_Signed.pdf)
- 2026-10-27 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_27102026172744_NSEIntimation_Concall_02112026_Signed.pdf)
- 2026-10-27 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15277_WebXMLFile_20261027_192533465.xml)
- 2026-10-16 — Shareholding Disclosure: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739584_16102026121818_WEB.xml)
- 2026-09-30 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_30092026170301_Closure_of_Trading_Window_sd.pdf)
- 2026-09-30 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_15277_WebXMLFile_20260930_170546900.xml)
- 2026-09-22 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_22092026124034_Stock_Exchange_intimation_appointment_of_Shri_Kinjal_Shah_final.pdf)
- 2026-09-22 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_15277_WebXMLFile_20260922_130024315.xml)
- 2026-09-22 — Generic Announcement: Central Depository Services (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CDSL_22092026152131_ConCallInvite_Sept24_2026_sd.pdf)

## News and market events

- 2026-11-04 — Economic Times: **Stock Radar: Down over 25% from highs! CDSL stock showing signs of bottoming out; time to buy?** — Central Depository Services (India) Ltd has rebounded from the lower boundary of its four-year ascending channel and reclaimed key moving averages, suggesting improving momentum. Experts suggest a potential rise toward Rs 1,450 over the next three to four weeks, with a stop-loss below Rs 1,110. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-down-over-25-from-highs-cdsl-stock-showing-signs-of-bottoming-out-time-to-buy/articleshow/135535646.cms)
- 2026-11-03 — MONEYCONTROL: **Neutral CDSL; target of Rs 1300: Motilal Oswal** — Motilal Oswal has assigned a neutral rating to CDSL with a target price of Rs 1,300. The brokerage firm's assessment suggests limited upside potential for the depository participant at current levels. — [Source](https://www.moneycontrol.com/news/business/neutral-cdsl-target-of-rs-1300-motilal-oswal-14067747.html)
- 2026-11-03 — MONEYCONTROL: **Angel One, CDSL, Motilal Oswal shares rise up to 7% as FM Sitharaman says open to reviewing equity tax concerns** — Shares of Angel One, CDSL, and Motilal Oswal rose by up to 7% after Finance Minister Nirmala Sitharaman indicated openness to reviewing concerns regarding equity taxation. The market movement reflects investor reaction to the Finance Minister's statement on potential policy adjustments. — [Source](https://www.moneycontrol.com/news/business/markets/angel-one-cdsl-motilal-oswal-shares-rise-up-to-7-as-fm-sitharaman-says-open-to-reviewing-equity-tax-concerns-14067376.html)
- 2026-11-02 — CNBC-TV18: **CDSL shares in focus after Q2 profit jumps 24%; demat base grows 17%** — Central Depository Services Limited reported a 24% year-on-year increase in consolidated net profit to ₹173.9 crore for the September quarter, alongside a 17% growth in its demat account base and assets under custody crossing ₹89 lakh crore. — [Source](https://www.cnbctv18.com/market/cdsl-share-price-q2-results-profit-jumps-demat-base-grows-assets-under-custody-20024458.htm)
- 2026-11-02 — BUSINESS: **Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda** — Multiple Indian listed companies reported Q2FY27 financial results showing growth in profits and revenues, including Reliance Industries, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda, PB Fintech, Coal India, CDSL, and Nazara Technologies. Additionally, Affle 3i signed an agreement to acquire Perion Network, and the CCI approved Xavier Niel's proposal to acquire a stake in Vodafone Group Plc, impacting Vodafone Idea. — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- 2026-11-02 — Mint: **Top stocks to watch today: Reliance Industries, Jio Platforms, NTPC, ITC shares in focus on Monday, 2 Nov | Full list** — Shares of ITC, Marico, NALCO, NLC India, Container Corporation of India, and Tata Investment Corporation are scheduled to release their Q2 FY2026 financial results on Monday, November 2, 2026. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-reliance-industries-jio-platforms-ntpc-itc-shares-in-focus-on-monday-2-nov-full-list-11793583063816.html)
- 2026-11-02 — Economic Times: **Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp** — Several major Indian companies reported their quarterly earnings results, with Reliance Industries, Jio Platforms, NTPC Green Energy, CDSL, NTPC, Bank of Baroda, GAIL, Bharat Electronics, and Mahindra & Mahindra showing profit growth, while Sun Pharma reported a decline due to exceptional charges. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- 2026-10-31 — The Hindu: **CDSL Q2 results: Net profit jumps 24% to ₹174 cr on strong demand** — CDSL made a strategic investment in the Open Network for Digital Commerce (ONDC), an initiative by the Department for Promotion of Industry and Internal Trade. Additionally, its subsidiary Centrico Insurance Repository entered into a software development partnership with health-tech firm Shoveltech Solutions. — [Source](https://www.thehindubusinessline.com/markets/cdsl-q2-results-net-profit-jumps-24-to-174-cr-on-strong-demand/article71649202.ece)
- 2026-10-31 — Economic Times: **CDSL Q2 results: Net profit jumps 24% YoY to Rs 173 crore, revenue up 24%** — Central Depository Services (India) Limited reported strong Q2 financial performance with net profit rising 24% YoY to Rs 173 crore and revenue up 23.7% to Rs 395 crore, alongside significant growth in demat account openings and assets under custody. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/cdsl-q2-results-net-profit-jumps-24-yoy-to-rs-173-crore-revenue-up-24/articleshow/135397659.cms)
- 2026-10-31 — CNBC-TV18: **CDSL Q2 results: Profit grows 24% to ₹174 crore; demat account base expands 17% YoY** — Central Depository Services Limited (CDSL) reported a 24% year-on-year increase in net profit to ₹173.9 crore and revenue growth of 23.7% to ₹395 crore for the second quarter, driven by a 17% expansion in its demat account base. — [Source](https://www.cnbctv18.com/market/earnings/cdsl-q2-results-profit-grows-24pc-to-rs174-crore-demat-account-base-expands-17-yoy-20024033.htm)
- 2026-10-31 — The Hindu: **SEBI imposes ₹1 crore fine on CDSL for multiple compliance lapses** — Market regulator SEBI has imposed a penalty of ₹1 crore on Central Depository Services (India) Ltd (CDSL) for multiple compliance lapses identified during an inspection of its operations in FY2023-24. The violations included failures in communicating pledge rejection reasons, handling Client Unpaid Securities Accounts, and conducting adequate disaster recovery and cybersecurity tests. — [Source](https://www.thehindubusinessline.com/markets/sebi-imposes-1-crore-fine-on-cdsl-for-multiple-compliance-lapses/article71648274.ece)
- 2026-10-30 — MONEYCONTROL: **SEBI imposes Rs 1 crore penalty on CDSL for multiple compliance lapses found during inspection in FY24** — The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 crore on the Central Depository Services Limited (CDSL) due to multiple compliance lapses identified during an inspection conducted in the fiscal year 2024. — [Source](https://www.moneycontrol.com/news/business/markets/sebi-imposes-rs-1-crore-penalty-on-cdsl-for-multiple-compliance-lapses-found-during-inspection-in-fy24-14064768.html)
- 2026-10-30 — MONEYCONTROL: **Sebi imposes Rs 1 crore fine on CDSL for multiple compliance lapses** — The Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 1 crore on Central Depository Services Limited (CDSL) due to multiple compliance lapses. This regulatory action directly impacts CDSL's operational standing and financial liabilities. — [Source](https://www.moneycontrol.com/news/business/markets/sebi-imposes-rs-1-crore-fine-on-cdsl-for-multiple-compliance-lapses-14064652.html)
- 2026-10-28 — Economic Times: **Smallcap stocks rally up to 21% in 2 days: Should you chase the rush or book profits?** — In the last two trading sessions, smallcap stocks have experienced an impressive resurgence, with certain stocks posting significant gains. As investors weigh their options, they face the decision of whether to capitalize on this upswing or secure profits amidst growing caution. Technical analysts identify critical resistance levels, foreseeing possible pullbacks. They recommend partial profit-taking at these points while also highlighting several stocks with promising recovery signs for potenti... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/smallcap-stocks-rally-up-to-21-in-2-days-should-you-chase-the-rush-or-book-profits/articleshow/135253660.cms)
- 2026-10-27 — Mint: **Top stocks to buy in F&O segment: CDSL, Zydus Lifesciences, Sun Pharma by Jay Thakkar for near-term | Check targets | Stock Market News** — The Sensex and Nifty 50 ended Tuesday slightly lower amid elevated oil prices and geopolitical uncertainty. ICICI Securities analyst Jay Thakkar said markets may stay range-bound ahead of key events, identifying support and resistance levels for the Nifty 50 and Bank Nifty. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-in-f-o-segment-cdsl-zydus-lifesciences-sun-pharma-by-jay-thakkar-for-near-term-check-targets-11793100938012.html)
- 2026-10-07 — BUSINESSTODAY: **One financial dashboard: RBI to make bank, demat data viewable in one place** — [Source](https://www.businesstoday.in/markets/story/one-financial-dashboard-rbi-to-make-bank-demat-data-viewable-in-one-place-560149-2026-10-07)
- 2026-10-07 — Mint: **Retail investors chased small-caps. Now they’re nursing losses** — Small-cap stocks with the highest retail shareholding have performed poorly compared with those with the highest mutual fund shareholding — [Source](https://www.livemint.com/market/stock-market-news/retail-investors-chased-small-caps-now-they-re-nursing-losses-11791263994165.html)
- 2026-09-29 — MONEYCONTROL: **Trade Spotlight: How should you trade LIC Housing Finance, IREDA, Mahindra and Mahindra, Swiggy, Zydus Lifesciences, SAIL, and others on September 29?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,LIC Housing Finance,Indian Renewable Energy Development Agency,Mahindra and Mahindra,Swiggy,Central Depository Services,Pidilite Industries,Zydus Lifesciences,Steel Authority of India, — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-lic-housing-finance-ireda-mahindra-and-mahindra-swiggy-zydus-lifesciences-sail-and-others-on-september-29-14040474.html)
- 2026-09-27 — MONEYCONTROL: **Broader markets underperform, extend losing streak to third week** — Midcap,Smallcap,Broader indices,Market this week,midcap this week,smallcap this week — [Source](https://www.moneycontrol.com/news/business/markets/broader-markets-underperform-extend-losing-streak-to-third-week-14039106.html)
- 2026-09-15 — BUSINESSTODAY: **CDSL shares slip 4%; brokerage upgrades stock to 'Buy': Check revised target** — CDSL, CDSL shares, Why CDSL falling, CDSL target price, CDSL should you buy, CDSL stock upgrade, CDSL share price, CDSL stock price, CDSL stock — [Source](https://www.businesstoday.in/markets/stocks/story/cdsl-shares-slip-4-brokerage-upgrades-stock-to-buy-check-revised-target-555672-2026-09-15)
- 2026-09-10 — Economic Times: **CDSL’s IPO jackpot comes with a valuation catch. Jefferies sets Rs 1,315 target** — Jefferies retained a Hold on CDSL with a Rs 1,315 target, implying 7% downside from Rs 1,414.90. While the IPO revival could add 3–4% to earnings, CDSLs EPS is expected to grow 19% CAGR over two years, driven by new demat accounts, IPO income and margin expansion. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/cdsls-ipo-jackpot-comes-with-a-valuation-catch-jefferies-sets-rs-1315-target/articleshow/133995280.cms)
- 2026-09-10 — CNBC-TV18: **CDSL earnings may get a boost as per Jefferies but no upgrades in sight - Explained** — CDSL is currently trading at 50 times its one-year forward estimated Earnings Per Share (EPS), which is well below its historical peak multiples of 80 times. — [Source](https://www.cnbctv18.com/market/cdsl-share-price-earnings-may-get-a-boost-but-jefferies-not-wanting-to-upgrade-explained-19988105.htm)
- 2026-09-08 — BUSINESSTODAY: **NSDL, Protean eGov, CDSL: Stocks to trade ahead of NSE IPO— Key levels, target prices & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, Protean eGov Technologies, Central Depository Services (India), National Securities Depository, Protean eGov shares, CDSL shares, NSDL shares, Protean eGov share price, CDSL share price, NSDL share price, Protean eGov stock price, CDSL stock price, NSDL stock price, Protean eGov target price, CDSL target price, NSDL target price — [Source](https://www.businesstoday.in/markets/stocks/story/nsdl-protean-egov-cdsl-stocks-to-trade-ahead-of-nse-ipo-key-levels-target-prices-stop-loss-553808-2026-09-08)
- 2026-08-13 — Mint: **Stocks to buy for short term: BoB among 3 shares Amol Athawale of Kotak Securities recommends for next 1-2 weeks** — Amol Athawale identifies three stocks poised for growth in the next 1-2 weeks, including Bank of Baroda and Prestige Estates. Learn crucial price levels to watch. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-for-short-term-bank-of-baroda-among-3-shares-amol-athawale-of-kotak-securities-recommends-11786589998068.html)
- 2026-08-05 — Mint: **Buy or sell: Gift Nifty signals a gap-up start! Vaishali Parekh recommends three intraday stocks to buy today** — Buy or sell stocks: Vaishali Parekh recommends three intraday stocks to buy today — CDSL, Sharda Cropchem, and Bajaj Consumer Care — [Source](https://www.livemint.com/market/stock-market-news/buy-or-sell-gift-nifty-signals-a-gap-up-start-vaishali-parekh-recommends-three-intraday-stocks-to-buy-today-11785893861305.html)

## Business profile

**Strategic vision:** Provides depository services for securities in dematerialized form.

### Business segments
- **Depository Services:** Facilitates the holding and transactions of various types of securities in dematerialized form, including equity shares, debt instruments, and mutual fund units.

### Competitive strengths
- Operates as a critical Market Infrastructure Institution within the Indian capital market.
- Provides essential post-trade market infrastructure for efficient and secure handling of securities.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/cdsl
Markdown representation: https://faxioms.com/stocks/cdsl?render=md