Nifty Share Price News Desk, Mumbai, 09 March 2026: Central Depository Services (India) Ltd. (NSE: CDSL) shares fell on Monday, 9 March 2026. On the NSE, the share was trading between around ₹1,188 and ₹1,200 in the morning session, down about 2-3% from the previous day’s closing price of ₹1,224.10 on 6 March. The day’s high was recorded around ₹1,200-1,203 and the low around ₹1,175. This drop came amid market volatility and a decline in trading volume.
CDSL is a major depository institution in India, and it has a strong market share. The company’s total debt is very low – around ₹25 million (or ₹2.5 crore), which keeps the company nearly debt-free. The company has a strong net cash position (around ₹9.60 billion). The company has performed well in terms of returns to investors over the past few years, but due to a dip in the stock in 2026, the short-term returns were negative. From a long-term perspective, the ROE has remained strong (around 28-37%).
The latest figures for CDSL’s order book (or client accounts/Demat accounts) up to March 2026 are not available, but in Q3 FY26 (December 2025), the company showed stability in depository activity. It has been previously mentioned that the company has over 170 million Demat accounts, which are likely to keep increasing due to growing market participation.
Top brokerage firms have set target prices for CDSL shares
- Motilal Oswal has given a target of ₹1,410 with a Neutral rating (February 2026).
- ICICI Securities has set a target of ₹1,500 with a Hold rating.
- Some analysts have set a medium-term target around ₹1,400-1,500, which shows an increase from current prices. However, due to market volatility and a drop in trading volume, caution is advised.
Other news:
In February 2026, CDSL announced its Q3 FY26 results, showing a net profit of ₹133 crore (YoY +2.4%) and revenue of ₹334 crore. However, growth slowed due to lower market volumes. The increase in STT in Budget 2026 put pressure on capital market stocks, which also affected CDSL. The company announced appointments and other operational updates, but no major events occurred in March. The company’s strong fundamentals (low debt, good ROE) can be attractive for long-term investors.
Overall, although there is short-term pressure on CDSL shares, there are positive opportunities ahead due to the growth of the Indian capital market. Investors should keep an eye on the market trends and the company’s upcoming results.
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