Central Depository Services Ltd: A Top Pick for Investors in the Finance Sector

Oct 28 2024 10:55 AM IST
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Central Depository Services (India) Ltd, a leading finance and NBFC company, has caught the attention of investors and analysts with its strong performance in the stock market. With a 'Buy' call from MarketsMojo and outperforming the sector and Sensex, it is a promising investment option for those seeking stability and growth.


Central Depository Services (India) Ltd, a leading finance and NBFC company, has been making waves in the stock market lately. With a largecap size, the company has caught the attention of investors and analysts alike. In fact, MarketsMOJO has given a 'Buy' call for the stock, making it a top pick for those looking to invest in the finance sector.

The stock has been performing exceptionally well, being a part of the Momentumnow Stocks and Reliable Performers on MarketsMOJO since May and June of 2024, respectively. It has also been listed as one of the MOJO Stocks since February of the same year.

Today, the stock opened with a gain of 3.74%, showcasing its strong performance in the market. In terms of price summary, Central Depository Services (India) Ltd has outperformed the sector by 4.16%. Its moving averages are also higher than the 20, 50, 100, and 200 day moving averages, indicating a positive trend.

In comparison to the Sensex, the stock has shown a 1 day performance of 5.11%, while the Sensex has only seen a 1.17% increase. Similarly, in the past month, the stock has outperformed the Sensex with a 1.94% increase, while the Sensex has seen a decline of -6.12%.

With such impressive performance and a 'Buy' call from MarketsMOJO, Central Depository Services (India) Ltd is definitely a stock to watch out for in the finance sector. Its strong track record and positive trend make it a promising investment option for those looking for stability and growth in their portfolio.
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