Short-term traders can look to buy the stock for a target of Rs 2,380 in the next 1-2 months, suggest experts. The price fluctuations seen in the CDSL stock price resulted in the formation of an Ascending Triangle on the daily charts. The resistance was seen around Rs 2,000-2,050 levels.
CDSL added 85 lakh accounts in the December quarter, which was up 88 per cent growth YoY. CDSL maintained its leadership position with a 75.6 per cent market share and 90 per cent incremental share, a brokerage said.
CDSL shares ended at Rs 1,785 on NSE, down 0.13 per cent. The listed depository offers facilitates holding and transacting securities in the electronic form and settlement of trades on stock exchanges.