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Stock Price 1: CDSL shares have gained up to 6% after the adjustment

Stock Price 1: As of today’s trading session, CDSL shares are not subject to a bonus as the company’s bonus issue became effective today. After the correction, the stock is up as much as 6%.

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Prior to this, CDSL had announced a bonus issue in the ratio of 1:1, which means that for each share that shareholders own as of the record date, the business would issue one free share. The date of the record was set on August 24.

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In advance of the record date for its bonus share issuance, CDSL shares are trading at a premium. In 10 of the last 12 trading sessions, the stock has increased.

The bonus share issuance will be available to shareholders who held CDSL shares in their demat accounts on Thursday at the close of trading.

At the company’s Annual General Meeting (AGM) last week, the bonus issue was also authorized by the shareholders.

According to a recent Motilal Oswal analysis, CDSL has maintained its market share growth in terms of the overall number of demat accounts. In July 2024, the total number of demat accounts reached 167 million.

The brokerage said that in terms of total and incremental demat accounts, its rival NSDL lost 420 and 510 basis points in market share, respectively.

When it comes to demat accounts, CDSL still has a 77% market share. From 90% in June to 91% in July, it has seen a rise in market share in incremental accounts.

At ₹1,530, shares of CDSL are now 5.6% up. Within the previous month, the stock has increased by 28%.

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