CDSL reported a 13.6% YoY drop in Q2FY26 net profit to Rs 140 crore, hurt by higher expenses and lower income, though sequential growth remained strong with a 37% QoQ profit jump. Nuvama retained its Buy rating and raised the target price to Rs 1,840, citing sharp growth in IPO, corporate action, and data charges.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets