CDSL shares rating cut — Here's why | New target price for depository stock

"Revenue grew 17.1 YoY/-13.6 per cent QoQ to Rs 260 crore (-0.5 per cent versus estimate). The QoQ (sequential) decline was largely due to weaker IPO/corporate action charges (-71.2 per cent QoQ) and transaction charges (-1.7 per cent QoQ)," the domestic brokerage stated.

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