Buy Central Depository Services (India) Ltd. price target Rs 290: Jayesh Bhanushali

INSUBCONTINENT EXCLUSIVE:
Jayesh Bhanushali of IIFL has a buy call on Central Depository Services (India) Ltd
with a target price of Rs 290.0
The current price of Central Depository Services (India) Ltd
is Rs 277.25 Time period given by the analyst is Intra Day when Central Depository Services (India) Ltd
price can reach defined target.Jayesh Bhanushali recommended to keep a stoploss at Rs 267
Central Depository Services (India) Ltd., incorporated in 1997, has a market cap of Rs 2897.26 crore. Central Depository Services (India)
Ltd
key Products/Revenue Segments include Sale of services which contributed Rs 150.83 Crore to Sales Value (97.83 % of Total Sales) and Other
Operating Revenue which contributed Rs 3.34 Crore to Sales Value (2.16 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 54.11 Crore, up 2.74 % from last quarter Sales of Rs
52.66 Crore and up 17.20 % from last year same quarter Sales of Rs 46.17 Crore Company has reported net profit after tax of Rs 21.61 Crore
in latest quarter
Mr.Nehal Naleen Vora, Mr.Rajender Mohan Malla, Mrs.Usha Narayanan
Company has Deloitte Haskins - Sells as its auditors
As on 30-09-2019, the company has a total of 104,500,000 shares outstanding.