Central Depo Ser (I)'s target Rs 2250: Stratzy's Top Stock to Buy Today

On March 21, Stratzy recommended a "Buy" call on Central Depository Services (India) at its current market price of Rs 1742.9. The target price for this stock has been set at Rs 2250, signifying a potential upside of approximately 29%. This recommendation is based on the brokerage firm's positive outlook on the company's long-term growth prospects and its dominant position in the securities depository services market in India.

About Central Depo Ser (I):

Central Depository Services (India) Limited (CDSL) is a publicly listed company incorporated in 1999 and is the only listed depository in India. It is responsible for holding and safeguarding securities in electronic form and facilitating settlement of trades in the Indian securities market. CDSL provides custody and settlement services for a wide range of instruments, including shares, bonds, derivatives, and exchange-traded funds. It is the largest depository in the country with a market share of over 90%. CDSL's operations are overseen by the Securities and Exchange Board of India (SEBI).

52 Week Price Trend:

Central Depository Services (India) Limited (CDSL) is currently trading at Rs 1742.9, marking a decline from its 52-week high of Rs 2067. However, it remains substantially higher than its 52-week low of Rs 880.9. This indicates a strong recovery in the stock's value over the past year. CDSL is a leading securities depository in India, providing depository and related services to investors and market participants. Its strong financial performance and growth potential have attracted investor interest, leading to a sustained uptrend in its stock price.

Stratzy's MOST Analysis:

CDSL has been assigned an AA- rating by Stratzy's MOST Framework, indicating Medium Fundamental Risks. This assessment is based on the company's performance in four key areas: Management, Outlook, Safety, and Trend. CDSL has received positive ratings in each of these categories, demonstrating its overall financial stability and growth potential. The AA- rating suggests that CDSL is a relatively safe investment with moderate risk, making it a viable option for investors seeking a balance between return and risk.

Company's Fundamentals:

Central Depository Services (I) Ltd. (CDSL) is a listed company on the National Stock Exchange (NSE), known as CDSL (NSE:CDSL). Its stock price-to-earnings (PE) ratio, which measures a company's value relative to its earnings, is currently 56.26. The price-to-book (PB) ratio, indicating the market value of a company to its book value, stands at 16.18. Additionally, CDSL pays a dividend to its shareholders, offering a dividend yield of 0.84%. These financial metrics provide investors with insights into CDSL's valuation, profitability, and income distribution policies.

Fundamental and Technical information provided in this blog were last updated on 21 Mar, 2024

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