Share Market Updates: Up to 6%! Massive return of any stock by investors – stock market updates this stock rose 6% check the news in detail

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Share Market Updates: Up to 6%! Massive return of any stock by investors – stock market updates this stock rose 6% check the news in detail

Indian stocks continued on Tuesday to try to recoup Monday’s losses. This led to strong buying interest at lower levels for small and mid cap stocks. This pushed the indices up. CDSL was the hottest stock on Tuesday after climbing more than 6% in the first hours of trading. It gave a break above the average volume from its downtrend line. The volume is higher than the average volume over 10 days and 30 days. This is indicative of strong buying interest. Additionally, the stock broke through its 20-DMA and 100-DMA, showing signs of bullishness.

The daily 14-period RSI (66.98) is in the bullish zone. The MACD line crossed above its signal line, indicating the start of an uptrend. OBV is high when +DMI is greater than -DMI. Overall, the stock is rather bullish.

It is likely to test the 200-DMA level of Rs 1342, followed by Rs 1400 in the medium term. Swing traders can expect a good move from this stock very soon, which is a perfect opportunity for quick profits.

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Incidentally, CDSL net sales increased by 19.53% to Rs 140.18 crore in June 2022. Rs 117.28 crore in June 2021.

Quarterly net profit Rs. 63.87 crore in June 2021, down 9.53% from Rs 57.78 crore in June 2022.

EBITDA Rs. 86.24 crore in June 2021, down 5.26% from Rs 81.70 crore in June 2022.

CDLS BPA decreased. 5.53 in June 2022, compared to 6.11 in June 2021.
had money

CDSL stock closed at 1,126.95 on July 29, 2022 (NSE) and has returned -25.47% over the past 6 months and -19.39% over the past 12 months.

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