CDSL hits all time high after bonus issue plan

Central Depository Service (CDSL) mades a huge announcements in the last one year. The reason behind this rise in the stock is an announcement made by the company. The CDSL stock has showing a jump of 15 percent during intraday. CDSL announces bonus shares had been approved by the company’s shareholders. Additional shares will be distributed to current shareholders through the CDSL bonus issue.

During Friday, the share price of CDSL shows a rise of about 15 percent. In morning, the share price of CDSL opened at Rs 1500 and share touched a day high of Rs 1666 during trading. The stock has touched 52- week high position of 2,989.00 per share, and each- time high position of Rs 2,989.00 per share on the National Stock Exchange. The reason behind this sharp rise in the stock is an advertisement made by the company. The company had blazoned the allocation of perk shares in the rate of 11 to its eligible shareholders in early July. According to information, this is the first similar case when CDSL is going to give perk shares to its shareholders. Issuing 11 perk shares means that shareholders will get one share for every share of the company. The company’s share price has risen 28 percent in the last one month. It has risen 10 times out of the last 12 sessions. In terms of demat account, this company dominates the request.

According to a report, CDSL has 77 request share in terms of demat accounts. It had 16.7 crore demat accounts at the end of July 2024. In terms of incremental accounts, the company’s request share reached 91 percent in July. In the quarter ended June 2024, the company’s net profit increased by 82.4 to Rs 134 crore. During this period, the company’s profit also increased by 72 to Rs 257 crore.