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Sell CDSL shares to invest in the NSDL IPO? Here's what analysts recommend
New Delhi
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Shares of Central Depository Services (CDSL) came under pressure on Monday, July 28, falling as much as 5.23 per cent to ₹1,530 in intraday trade. The decline followed the company's disappointing financial performance for the first quarter of FY2025–26 (Q1FY26). While the CDSL stock settled the day at ₹1,524.50 levels, down 5.59 per cent, the S&P BSE Sensex lost 0.70 per cent to 80,891 levels.
Adding to the pressure was the upcoming initial public offering (IPO) of CDSL's rival, National Securities Depository (NSDL), which is scheduled to open on Wednesday, July 30. Notably, the public issue of NSDL will be
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Indian Express
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RPAs for 3 services to mountain radars: DAC clears procurements worth Rs 67,000 cr
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Economic Times
an hour ago
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Economic Times
2 hours ago
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India's services growth scales 11-moth peak in July on global orders
Synopsis India's services sector expanded at its fastest pace in 11 months in July, with the HSBC India Services PMI rising to 60.5 from 60.4 in June, driven by strong new orders and rising international demand, especially from Asia, the US, and Europe. While optimism remained firm, job growth slowed to a 15-month low. Input and output prices rose slightly amid cost pressures. ANI India's services sector growth scaled an 11-month high in July, driven by an increase in new orders, international sales and output, a private survey showed on Tuesday. The HSBC India Services PMI Business Activity Index touched 60.5 in July, the highest since August 2024 and a shade above 60.4 in June, according to the index compiled by S&P Global. A year earlier, the reading was Managers' Index (PMI) readings above 50 indicate expansion, while those below denote contraction. "At 60.5, the services PMI indicated a strong growth momentum, led by a pickup in new export orders," said Pranjul Bhandari, India chief economist at expansion in output was primarily due to sustained increases in new business, with survey respondents attributing it to advertising, demand buoyancy and new client rise in July was the second strongest in the past year, following the performance in demand also saw a sharp increase, with firms securing new work from Asia, Canada, Europe, the UAE and the US. The rate of growth in external sales was the second-fastest in a year, after that in May. The finance and insurance sector led in both new orders and business activity, while real estate and business services recorded the slowest expansion. On average, service providers remained optimistic about future output, supported by expectations of efficiency gains, marketing, tech innovation and a growing online presence. However, Bhandari added that even as optimism regarding the future rose, it remained below the levels seen in the first half of gains were modest, with July recording the weakest job growth in 15 months."Fewer than 2% of companies took on additional staff, with the vast majority indicating no change from June," said the survey pressures persisted, with firms citing higher expenses on food, freight and labour. On the other hand, charge inflation was above its long-run average, reflecting greater cost burdens and demand strength."On the price front, both input and output prices rose a tad faster than in June, but this could change going forward as indicated by the recent CPI (Consumer Price Index) and WPI prints," said Bhandari.
