Yes Securities has buy call on Central Depository Services (India) with a target price of Rs 620. The current market price of Central Depository Services (India) Ltd. is Rs 571.1.
Central Depository Services (India) Ltd., incorporated in the year 1997, is a Small Cap company (having a market cap of Rs 5968.00 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 103.20 Crore, up 2.01 % from last quarter Total Income of Rs 101.17 Crore and up 50.69 % from last year same quarter Total Income of Rs 68.49 Crore. Company reported net profit after tax of Rs 54.03 Crore in latest quarter.
Investment Rationale
Throughout the past week, the stock defended the levels of Rs 550. The appearance of a bullish candle on a comparatively higher volume warrants a positive outlook for
.
