CDSL shares are trading ex-bonus today, with the stock rising as much as 8% following the bonus issue announcement. The bonus issue, in a 1:1 ratio, means shareholders will receive one additional share for every share held as of the record date, August 24.
How is the stock doing in recent days?
The stock has demonstrated strong performance, gaining in 10 of the last 12 trading sessions, as investors position themselves ahead of the record date for the bonus issue. Shareholders who held CDSL shares in their demat accounts at the close of trading on Thursday are eligible for the bonus shares.
The bonus issue was approved by shareholders at the company’s Annual General Meeting (AGM) held last week.
What does Motilal Oswal say on CDSL?
A recent report by Motilal Oswal highlighted CDSL’s continued market dominance in the demat account sector. The total number of demat accounts at CDSL increased to 167 million as of July 2024.
How Much Market Share Does CDSL Have in Demat accounts?
The report also noted that NSDL, CDSL’s competitor, experienced a decline in market share, losing 420 basis points in total demat accounts and 510 basis points in incremental accounts.
Despite this, CDSL retains a commanding 77% market share in total demat accounts and has increased its market share in incremental accounts to 91% in July from 90% in June.
Stock performance in last one year
CDSL shares have delivered positive returns across various time frames. Over the last month, the stock has shown a positive return of 33.42%, indicating short-term growth. In the last six months, the performance has been even more impressive, with a substantial increase of 66.69%, showcasing the stock’s resilience and upward momentum.
Year-to-date, CDSL shares have surged by 69.90%, emphasizing the stock’s positive trajectory in the current calendar year. Looking back over the last twelve months, the stock has demonstrated significant growth, surpassing 166.32%. These consistent positive returns underscore the stock’s strong performance and appeal to investors.