Buy Central Depository Services (India), target price Rs 1715: HDFC Securities

HDFC Securities has buy call on Central Depository Services (India) with a target price of Rs 1715. The current market price of Central Depository Services (India) Ltd. is Rs 1511. Time period given by analyst is six months when Central Depository Services (India) Ltd. price can reach defined target.

Central Depository Services (India) Ltd., incorporated in the year 1997, is a Small Cap company (having a market cap of Rs 15469.66 Crore) operating in Financial Services sector.

Central Depository Services (India) Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 162.93 Crore, down -1.34 % from last quarter Total Income of Rs 165.15 Crore and up 57.88 % from last year same quarter Total Income of Rs 103.20 Crore. Company reported net profit after tax of Rs 84.08 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 20.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.34 per cent, DIIs 19.86 per cent.