Most investors often want to know the future performance of stocks, especially those stocks which have positive growth potential in future. So, today we are here with CDSL (Central Depository Services Limited) which is a great company that has a role in the financial market infrastructure of India.
It is a multi-bagger stock, which has given up to 600 per cent returns in just three years. At present the stock price is showing an uptrend and is expected to reach Rs 1200 by the end of this year.
The company registered a revenue of Rs 143.82 crore which is up 2.81 per cent in the quartered results of March 2023. The net income of this company is Rs 63.1 crore, which shows a decline of 18.74 per cent.
In this article, we will make CDSL share price predictions for the years 2024, 2025, 2026, 2028 and 2030, based on our research and technical analysis.
CDSL Overview
Central Depository Services (India) Limited provides depository services in India. The company provides various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statements, rematerialization, pledging, nomination, the transmission of securities, change of address, bank account details and SMS services to depository participants.
It also enables issuers to deposit securities in the demat accounts of shareholders or applicants; KYC services in respect of capital market intermediaries to investors in the capital market; facility to the holders of these policies to hold insurance policies in electronic form; and facilities for holding and transacting electronic negotiable warehouse receipts.
Also, it provides services such as electronic access security information, electronic access to security information and execution of secure transactions, e-voting, e-notices, e-locker and mobile applications.
The company serves investors through depository participants, issuing companies, capital market intermediaries, insurance companies and warehouse service providers/warehouses. Central Depository Services (India) Limited was incorporated in 1997 and is based in Mumbai, India.
Fundamentals of CDSL
Before speculating on the share price, we are going to tell you the basic things which are very important to know about the company. It will help you to know the basic principles of the company:
CDSL Share Price Target for 2024 to 2030
Top analysts suggest that the stock price of this company is going to perform well and can deliver bumper returns in the next 12 months. Also, market experts have set a target price of Rs 1200 for CDSL shares by the end of this year and Rs 1500 for mid-2024.
CDSL Share Price Target 2024
| Target-I | Rs 1230 to Rs 1350 |
| Target9II | Rs 1420 to Rs 1550 |
CDSL Share Price Target 2025
| Target-I | Rs 1450 to Rs 1630 |
| Target-II | Rs 1680 to Rs 1760 |
CDSL Share Price Target 2026
| Target-I | Rs 1430 to Rs 1480 |
| Target-II | Rs 1510 to Rs 1560 |
CDSL Share Price Target 2028
| Target-I | Rs 1880 to Rs 2050 |
| Target-II | Rs 2070 to Rs 2250 |
CDSL Share Price Target 2030
| Target-I | Rs 2450 to Rs 2640 |
| Target-II | Rs 2680 to Rs 2850 |
Check also:
FAQs
The expected share price of this company is positive for the long term and has the potential to grow by up to 25% annually.
The target price for CDSL shares is Rs 1680 to Rs 1760 by 2025.
The current share price of CDSL shares in June 2023 is Rs 1115.00.
The target price for CDSL shares is Rs 2680 to Rs 2850 by 2030.
