Heavy Buying Hits Upper Circuit: This Monopoly Company Likely to Issue Bonus Shares on Tuesday, Stock Gains Over 120 per cent in just 1 Year!

Heavy Buying Hits Upper Circuit: This Monopoly Company Likely to Issue Bonus Shares on Tuesday, Stock Gains Over 120 per cent in just 1 Year!

Rakesh Deshmukh

The company's shares have delivered an impressive return of over 120 per cent to their shareholders in just 1 year!

Central Depository Services Limited is a Market Infrastructure Institution (MII) that is part of the capital market structure, providing services to all market participants: exchanges, clearing corporations, depository participants (DPs), issuers, and investors. It facilitates the holding of securities in dematerialized form and enables securities transactions. Central Depository Services (India) Limited has informed the Exchange about a Board Meeting scheduled for 02-Jul-2024 to consider a bonus issue.

On Friday, shares of Central Depository Services Limited rallied 20 per cent, hit the upper circuit, and closed at Rs 2407.40 per share on the NSE. The current market capitalization of the company stands at Rs 25,157 crore. Additionally, the stock has delivered a multibagger return of over 980 per cent in the past 5 years.

As per Quarterly Results in Q4 FY24, Central Depository Services Limited reported a quarterly revenue from operation of Rs 241 crore compared to a revenue of Rs 125 crore, representing a growth on a YoY basis. The company's net profit stood at Rs 129 crore in Q4 FY24 compared to a net profit of Rs 63 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 812 crore, compared to Rs 555 crore in FY23 representing a gain of 46.33 per cent YoY. Moreover, the company’s net profit stood at Rs 420 crore in FY24 compared to a profit of Rs 276 crore.

Regarding the shareholding pattern of Central Depository Services Limited, the promoters own 15 per cent of the company and the public or retail investors hold 45.51 per cent. FIIs and DIIs own 18.16 per cent & 21.33 per cent respectively.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Previous Article 400 per cent multibagger returns and Rs 1,500 crore capex: This plastics product stock bags new order worth Rs 55 crore from Indian Oil!
Next Article Heavy Buying Stock Hits Upper Circuit After Ashish Kacholia Bought 1,07,500 Shares of This Small Cap Company; Do You Own It?
Rate this article:
3.7

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR