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CDSL Downgrade Analysis: Earnings Risks by Rasmi Ranjan is a document available to read on EtoBox.

ICICI Securities has downgraded CDSL to REDUCE from HOLD due to peak cycle multiples and potential lower earnings growth, with a target price revised to INR 1,320. The report highlights a decline in delivery volumes as a percentage of total cash trades and historical instances of revenue stagnation. In contrast, the pharma sector showed strong growth in Q1FY25, driven by the US and India markets, with key companies expected to sustain momentum in the near term.

Author

Rasmi Ranjan

Language

EN