Jefferies Keeps Their Hold Rating on Central Depository Services (India) Limited (CDSL)

Jefferies analyst Supratim Datta maintained a Hold rating on Central Depository Services (India) Limited on July 8 and set a price target of INR1,225.00. The company’s shares closed last Friday at INR1,311.40.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.

According to TipRanks, Datta is a 2-star analyst with an average return of 2.1% and a 61.90% success rate.

Currently, the analyst consensus on Central Depository Services (India) Limited is a Hold with an average price target of INR1,225.00.

Based on Central Depository Services (India) Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR2.68 billion and a net profit of INR802.2 million. In comparison, last year the company earned a revenue of INR2.24 billion and had a net profit of INR1 billion