CDSL stock zooms 9% to new 52-week high ahead of bonus issue

Central Depository Services (India) Ltd (CDSL) shares hit a fresh 52-week high on August 16 amid broader market rally on the bourses.

The counter of the leading depository firm advanced to an year's high of Rs 2,787 on the National Stock Exchange (NSE), zooming 8.84 per cent intraday. At the time of filing, the scrip was trading at Rs 2,758 apiece. The stock is trading higher than 5-, 20-, 50-, 100- and 200-day moving averages.

The company facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges.

Earlier, the company announced the bonus shares in the ratio 1:1. In a regulatory filing, it said, "The bonus shares will be issued to the shareholders of the company in the ratio of 1:1 i.e., 1 new fully paid-up Equity Share of Rs 10 each for every one existing fully paid-up Equity Share of Rs 10 each held by the eligible Shareholders of the Company as on the Record Date."