CDSL shares rise 6% and reach a new 52-week high following the issuing of 1:1 bonus shares.
A new 52-week high of Rs 2,594.85 was reached by CDSL shares, which increased 6% after the company issued bonus shares in a 1:1 ratio. As bonus shares, the corporation issued 10,45,00,000 equity shares with a face value of Rs 10. The equity shares will total Rs 209 crore in share capital after the issuance.
According to an exchange filing, the company recommended on July 02 that bonus shares be issued to shareholders in a 1:1 ratio.
Additionally, on August 16, 2024, the record date for the dividend will be August 16, 2024, and the corporation will pay out Rs 19 per equity share.
The Q1 performance of CDSL
The company’s net profit for the first quarter of FY25 increased by 82% year over year to Rs 134.20 crore from Rs 73.57 crore recorded during the same time the previous year.
The company’s operating revenue in Q1 FY25 increased 72% year over year to Rs 257.38 crore from Rs 149.68 crore in the same time the previous fiscal year.
Nifty 50 vs CDSL
In the last five days, CDSL shares have increased 6.6%, and over the last month, they have increased by slightly over 10%. Over the last six months, the stock has returned 30%. In terms of the long run, the share has increased by 1,230% throughout the previous five years.
In contrast, during the past five days, the benchmark index, Nifty 50, has increased by 0.55%. Nonetheless, within the last month, it has decreased by 0.34%. almost the last five years, the stock has increased by almost 119%, with a 12% increase in the last six months.
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