17 Sep 2025 | 3 Mins Read
Motilal Oswal gives NSDL a neutral rating with potential 8% decline
Flipitmoney
Motilal Oswal rated National Securities Depository Limited (NSDL) 'Neutral' with a target price of Rs 1,200, indicating a possible 8% decline from current levels. Based on estimated FY28 earnings, the target is valued at 45 times the estimated P/E ratio. NSDL is expected to grow by 5% in revenue and 15% in net profit from FY2025-28.