CDSL Share Price Soars: Bonus Shares Drive Unprecedented Stock Surge – A Golden Opportunity for Investors!
CDSL Share Price Rockets: Bonus Shares and Soaring Stock Prices – A Golden Opportunity for Investors!
Let’s delve into Central Depository Services (India) Ltd (CDSL) and explore its stock performance, financial health, and the recent bonus share issue.
CDSL share price
CDSL share price Performance:
- Current Stock Price: As of June 24, 2024, CDSL share price on the National Stock Exchange (NSE) stands at ₹2,034.00.
- One-Year Gain: Over the last 12 months, CDSL shares have surged by an impressive 96%.
- Bonus Share Issue: On July 2, 2024, CDSL announced its intention to issue bonus shares, marking the first instance of such an issuance for the company. The board of directors will consider this proposal, subject to shareholder approval.
Financial Health (as of March 2024):
- Revenue: In the fiscal Q4 of 2024 (ended March 31, 2024), CDSL reported a total revenue of ₹2.67 billion, reflecting a substantial year-on-year increase of 95.98%.
- Operating Expenses: The company’s operating expenses amounted to ₹1.01 billion during the same period, representing a 66.23% increase.
- Net Income: CDSL’s net income for the same quarter stood at ₹1.29 billion, showing robust growth of 104.83%.
- Net Profit Margin: The net profit margin, which measures net income as a percentage of revenue, was 48.34%.
- Earnings per Share (EPS): The EPS, calculated as the company’s profit divided by outstanding shares, is ₹12.37.
- EBITDA: Earnings before interest, taxes, depreciation, and amortization reached ₹1.73 billion, reflecting a significant increase of 122.44%.
- Effective Tax Rate: CDSL’s effective tax rate was 23.15%.
- CDSL Share Price
Should You Invest?
CDSL’s strong financial performance and recent bonus share announcement indicate positive prospects. However, as with any investment, consider your risk tolerance, diversification strategy, and long-term goals. Consult a financial advisor for personalized advice.
CDSL Share Price
Remember, past performance does not guarantee future results. Conduct thorough research and make informed decisions based on your circumstances. Happy investing! 🚀📈
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