Up 1,440% in 5 year, CDSL shares get 'Reduce' rating from ICICI Securities. Here's why

CDSL is an attractive play in bull markets, which was evident from past trends – between FY20 and FY22 -- CDSL’s stock price bagged 6 times returns, significantly higher than AMCs, RTAs, brokers or wealth managers, ICICI Securities said.
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