NSDL vs CDSL: Why Motilal Oswal is ‘Neutral’ on India’s demat duopoly
The Indian stock market is closely watching NSDL and CDSL's performance after their recent quarterly results showed varying growth trends. NSDL has strong revenue growth but lower margins, while CDSL's weaker quarter raises concerns. A brokerage report maintains a 'Neutral' rating for both stocks with limited upside visibility, and highlights NSDL's successful banking services segment.