03 Nov 2025 | 3 Mins Read
CDSL shares gain attention after Nuvama upgrades target price
Flipitmoney
CDSL reported a 13.6% year-on-year decline in its net profit for Q2FY26, down to Rs 140.21 crore due to a 1% YoY drop in revenue and higher expenses. Despite this, the sequential performance was strong, with a 37% QoQ surge in net profit and total income. Domestic brokerage Nuvama maintained its Buy rating and raised its target price to Rs 1,840.