04 Nov 2025 | 3 Mins Read
JM Financial downgrades CDSL due to earnings concerns
Flipitmoney
JM Financial downgraded Central Depository Services Ltd. (CDSL) shares to "reduce" due to potential earnings impact from reduced turnover volumes. CDSL's Q2 results showed 23.2% revenue growth and 36.7% net profit growth. The price target remains ₹1,500 per share, implying a 6% potential downside. The stock is currently trading 2.3% lower.