Big news for CDSL shareholders!

The major shareholders of CDSL include BSE, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank, and LIC.   

Central Depository Services (India) Limited (CDSL), which is India’s leading and the only-listed depository, is pleased to announce that it has become the first depository to hold five crore plus active Demat accounts.   

CDSL maintains and services five crore Demat accounts of investors or beneficial owners (BOs) spread across India. These BOs are serviced by CDSL’s 580+ depository participants (DPs) from over 20,500 locations.  

CDSL has an objective to provide convenient, dependable & secure depository services at an affordable cost to all the market participants. The major shareholders of CDSL include BSE, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank, and LIC.   

The stock of CDSL is trading down by nearly 11.3 per cent from its high and today, it is down by over 3 per cent.   

The stock is trading below its important moving average i.e. 20-DMA. Despite the fact that it is trading below its 20-DMA, the stock has not breached its prior swing low of Rs 1,395; hence, watch out for this level in the stock in the short to medium term.