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News for India > Business > CDSL stock surges over 5% to 3-month high; weekly gains hit 16% amid rebound in market sentiment | Stock Market News
Business

CDSL stock surges over 5% to 3-month high; weekly gains hit 16% amid rebound in market sentiment | Stock Market News

Last updated: May 16, 2025 3:05 pm
1 year ago
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CDSL share price in focus today: Shares of NSE-listed Central Depository Services Limited (CDSL) ended Friday’s session with a 5.35% gain, settling at a three-month high of ₹1,408 apiece. Today’s rally also pushed the stock’s weekly gain to 16%, recovering twice the 8% loss it posted last week.

The sharp rebound in stock can be attributed to improved domestic and global cues, which boosted investor risk appetite, leading to a sharp rebound in capital market-related stocks after one of their worst weekly performances.

The easing of trade tensions between China and the US, along with geopolitical tensions between India and Pakistan, has prompted investors to shift their focus back to equities.

Additionally, expectations have grown that Washington will further roll back steep tariffs on its trading partners following the deal with China. After the trade agreement, global brokerage firm JPMorgan reduced the probability of a US recession, further boosting investor sentiment.

Looking at the company’s financial performance, it posted a 22% year-on-year (YoY) decline in consolidated net profit to ₹100 crore in Q4 FY25 from ₹129 crore posted in Q4 FY24. On a quarter-on-quarter (QoQ) basis, too, the net profit was lower by 23% as against ₹130 crore posted in the preceding December 2024 quarter.

Its total income for the March 2025 quarter stood at ₹256 crore as against ₹267 crore in the same quarter a year ago, recording a 4% decline on a YoY basis. Meanwhile, sequentially, the decline was sharper as the figure declined 14% from ₹298 crore posted in the third quarter of FY25.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.



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