If you had shares of Central Depository Services Limited till yesterday i.e. 22nd August, then you would have got the benefit of bonus shares today. In fact, as soon as the bonus shares were received on Friday, a strong rise is being seen in the shares of CDSL.
On Friday, the share of CDSL opened at Rs 1500 and went up to Rs 1666 during trading. At 1.30 pm, the share was trading at around Rs 1635. During intraday, the share has registered a rise of about 15 percent. The reason behind this sharp rise in the stock is an announcement made by the company. On Thursday, the share closed at Rs 2,898.10 at the end of trading.
Stock rose sharply as soon as bonus shares were received
Let us tell you, the board of Central Depository Services had announced to give one share bonus to the investors of the company. With its approval, the record date for bonus shares was fixed as 24th August. But 24th is Saturday, so the bonus shares started trading on 23rd. That means on Friday, the shares of CDSL got divided into two parts.
Investors who held CDSL shares till yesterday will now double their shares. Today the shares are being traded adjusted for bonus. CDSL had announced bonus in the ratio of 1:1.
CDSL shares have made investors rich in the last one year. This CDSL stock has given a return of more than 160 percent in a year. Last year, on 21 August 2023, the price of one share of the company was Rs 1150.35, which reached the level of Rs 2898 on Thursday, 22 August 2024.
Investors’ money increased 10 times in 5 years
Let us tell you, companies issue bonus shares using their free reserves and this increases the earnings per share i.e. EPS as well as the paid-up capital. CDSL company was established in the year 1999, which deposits securities with itself in electric form. This is the first such company, which has registered 10 crore Demat Accounts.
(Note- Before making any kind of investment in the stock market, please take advice from your market experts.)