CDSL shares have been gaining attention for the last 11 trading days. Today, the shares increased by 2%, reaching an intraday high of ₹2,921.30.
The stock has shown growth in 9 out of the last 11 trading sessions. This increase is mainly due to the upcoming bonus shares.
The company recently announced a bonus issue in a 1:1 ratio, meaning shareholders will receive one free share for every share they hold by the record date.
The record date for this bonus issue is set for August 24. To be eligible, investors need to have CDSL shares in their demat account by Friday, August 23.
Last week, shareholders approved this bonus issue at the company’s annual general meeting (AGM).
CDSL’s Market Position and Stock Performance
A recent report by Motilal Oswal highlights that CDSL continues to grow its market share in demat accounts. As of July 2024, the total number of demat accounts increased to 167 million.
Meanwhile, CDSL’s main competitor, NSDL, has lost 420 and 510 basis points in market share for total
and new demat accounts, respectively. CDSL now holds a 77% market share in demat accounts, with a rise in its incremental account share from 90% in June to 91% in July.
Currently, CDSL shares are trading 2.4% higher at ₹2,934. Over the past month, the stock has increased by 28%, and in the last six months, it has gained 60%.
Over the past year, the stock has risen by 152%, and in the last five years, it has surged by 1,500%, climbing from ₹188 to its current price.
