High ROE & High ROCE Multibagger Stock Hit 52-Week High as Record Date for 1:1 Bonus Share Nears!
The company has a market cap of Rs 29,323 crore and shares have an ROE of 32 per cent and an ROCE of 40 per cent.
Central Depository Services (India) Limited (CDSL) has announced a 1:1 bonus share issue. This means shareholders will receive one new share for every share they currently hold. The record date for determining eligible shareholders is Saturday, August 24, 2024.
Central Depository Services (India) Limited (CDSL) is a pivotal market infrastructure institution in India, enabling the electronic holding and trading of securities. As a facilitator of dematerialization, CDSL streamlines the settlement of trades executed on stock exchanges for a diverse range of securities including equities, bonds, mutual funds and more. Beyond core depository services, CDSL offers additional functionalities like electronic voting, mobile voting platforms and digital lockers.
The company primarily generates revenue from issuer income, transaction charges, IPO-related activities, and other services. With substantial growth in beneficial owner accounts and a wide network of depository participants, CDSL holds a dominant position in the Indian market. To expand its services, CDSL operates subsidiaries focusing on KYC registration, insurance repositories, and commodity repositories, solidifying its role as a comprehensive service provider in the financial ecosystem.
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On Friday, shares of CDSL surged 9.58 per cent to Rs 2,806 with an intraday high of Rs 2,812 and an intraday low of Rs 2,580.35 from its previous closing of Rs 2,560.60. The stock also made a fresh 52-week high of Rs 2,812 per share and gave multibagger returns of 154 per cent from its 52-week low of Rs 1,107.35 per share. The company has a market cap of Rs 29,323 crore and shares have an ROE of 32 per cent and an ROCE of 40 per cent. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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