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CDSL shares downgraded by JM Financial on earnings outlook

market hours1 source ↓written by the desknot a recommendation

from Monday's close
6%
during the quarter
18% year-on-year

Brokerage firm JM Financial downgraded shares of Central Depository Services Ltd. to reduce from hold following its September quarter results. The stock has declined in five of the last six sessions, with a price target of ₹1,500, indicating a potential downside of 6% from Monday's close.

The downgrade reflects concerns over reduced turnover volumes, which fell 18% year-on-year during the quarter, potentially impacting CDSL's earnings. However, the company remains optimistic about growth due to its strong market position.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 Nov 2025, 11:05 IST.

Sourcesnews.google.com

The market after the news

CDSL closed −3.4% on the day of the news, from ₹1,593.40 to ₹1,539.10; Nifty −0.6% over the same session; futures OI +6.4%.

Bulletin at 11:05 IST on 4 Nov 2025. Every change is measured from ₹1,593.40, the last close before it, on 3 Nov. Nifty 50 is measured over the same sessions.

  • CDSL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
CDSL closes around the bulletin against the close before the news, with Nifty 50 rebased to it140215931785axis spans 27%before the news · 3 Nov1593Nifty 50CDSLbulletinD0+1+3+528 Oct10 Nov19 NovFutures open interest, lotspeak 22,000Reference close ₹1,593.40. 16 sessions from 28 Oct to 19 Nov; the price axis spans 27 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Nov₹1,593.40basebase
On the day4 Nov₹1,539.10▼ −3.4%▼ −0.6%−2.8 pp difference
+1 session6 Nov₹1,532.90▼ −3.8%▼ −1.0%−2.8 pp difference
+3 sessions10 Nov₹1,589.80▼ −0.2%▼ −0.7%+0.5 pp difference
+5 sessions12 Nov₹1,655.30▲ +3.9%▲ +0.4%+3.4 pp difference
Gap at the open, % · ₹
▼ −0.5%−8.29 on 4 Nov
Day's range, % · ₹
3.7%≈ 58 high to low
Volume on the day
1.53×the 20-session average
Futures OI on the day
▲ +6.4%+1,200 lots · short build-up · price −3.4%
Futures OI open, lots
21,0004 Nov · 25 Nov expiry
Futures premium, ₹
+2.40+0.2% to spot
Puts per call, by OI
0.55from 0.63 the session before
Max pain
1,600from 1,600 the session before

Source NSE UDiFF bhavcopy · CDSL on the desk →

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