CDSL moves higher and higher

India Infoline News Service | Mumbai | July 11, 2017 09:58 IST

The stock has gained 6.16% in the morning hours on Tuesday as against its listing price of Rs 250 per share and which was nearly 152% higher than its issue price of Rs 249 per share.

Central Depository Services Limited (CDSL) is moving higher and higher since its listing on the NSE on June 30, 2017. The stock has gained 6.16% in the morning hours on Tuesday as against its listing price of Rs 250 per share and which was nearly 152% higher than its issue price of Rs 249 per share.
 
CDSL Limited on Monday's post market hours announced that its subsidiary CDSL Ventures has launched the National Academic Depository (NAD). This initiative was taken by MHRD under Digital India programme of the government.
 
CDSL had witnessed a blockbuster debut on the NSE with a whopping premium of 68%. What can be called as the most popular initial public offering (IPO) of 2017, the BSE promoted CDSL IPO was oversubscribed by 170.16 times. This made it the most subscribed IPO issue of 2017 in the Indian capital markets.
 
Stock View:
 
Central Depository Services (India) Ltd is currently trading at Rs 368.8, up by Rs 14.65 or 4.14% from its previous closing of Rs 354.15 on the BSE.
 
The scrip opened at Rs 357.7 and has touched a high and low of Rs 376 and Rs 357.7 respectively. So far 11108202(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3700.87 crore.
 
The BSE group '' stock of face value Rs 10 has touched a 52 week high of Rs 366 on 10-Jul-2017 and a 52 week low of Rs 243.15 on 03-Jul-2017. Last one week high and low of the scrip stood at Rs 366 and Rs 262.15 respectively.
 
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 0 % respectively.
 
The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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