Over the last 6 sessions, shares of Central Depository Service (India) Limited, CDSL have made their investors rich. One such stock is in the Computer Age Management Service, ie CAMS, which has given its investors 20 percent returns in just three days, while CDSL has made a profit of 35 percent in the last 6 sessions.
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On Thursday, CDSL shares rose 4.5 per cent to Rs 1363, while CAMS also gained 1 per cent to Rs 3495. Capital markets have seen an unprecedented monthly growth of 2.4 million new retail investors over the past four months. This is due in large part to the rise in demat accounts due to the influx of new investors during the epidemic.
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According to HDFC Securities, increased retail activity and market all-time highs have supported higher volumes, which will result in growth in broking revenue. Domestic broker and research firm HDFC Securities expects AMC to be strong, as Active Shares raised $ 222 billion in the first quarter.
The first deposit to open more than 4 crores of active demat accounts
CDSL is the first depositor to open more than four crore active demat accounts recently. Avinash Gorakshakar of Research at ProfitMart Securities said, “July and August are the busiest months for the IPO market. During this time, new deposit accounts for these IPOs can be opened.
Its shares rose nearly 250 percent in a year
CDSL is one of the two deposits in India and the only listed country in the country, the other is NSDL. It benefits from many fees such as transaction, IPO / corporate activity, online data fees. Its shares have gained 250 per cent in the last one year. CAMS is a service provider to technology driven financial infrastructure and mutual funds (AMCs) and other financial institutions. It is a transfer agent of MFs, with approximately 70% market share based on average assets under management (AAUM) managed by its customers.