CDSL shares hits fresh record high on bonus shares announcement
CDSL Share Price: In the past year, the index, Nifty 50, has risen more than 25%. (Image: Freepik)
Shares of Central Depository Services rallied almost 16% to a fresh 52-week high of Rs 2,324.80 after the company announced to consider issuance of bonus shares on July 02.
The board of directors will meet on July 02 to consider and approve the aforementioned issuance. “Meeting of the board of directors of Central Depository Services (India) Limited (“CDSL/Company”) is scheduled to be held on Tuesday, July 02, 2024, inter alia, to consider and approve the proposal for issuance of bonus shares, if any, subject to the approval of the shareholders of the company,” said the company in an exchange filing.
The stock of CDSL gave a return of 14.5% in the last five days and it has risen 26% in the last six months. The depository stock has raised the investors’ wealth by almost 27% from year to date. It has risen over 107% in the past year.
To compare, the benchmark index, Nifty 50, has risen 2.7% in the last five days. The index has given a return of more than 10% in the last six months. It has raised the investors’ wealth by 11% from year to date. In the past year, the index has risen more than 25%.