Central Depository Services Ltd. (CDSL) shares jumped 9.5% as investors showed strong buying interest ahead of the August 24, 2024 record date for the 1:1 bonus issue.
This surge marks a 140% gain in CDSL's stock over the past year. Eligible shareholders will receive one free share for each share held. A Motilal Oswal report highlighted CDSL’s growing dominance in the market, with demat accounts rising to 167 million in July, while competitor NSDL lost significant market share in both total and new accounts.