Share price of CDSL rose over 3% after launch of Unified Investor App with SEBI and NSDL

Market Performance

CDSL Shares rose to ₹1,288.20, a nearly 3% surge in early trades on February 21 after SEBI and NSDL collabs and introduced a unified Investor app. The stock gained as much as 3.58% to ₹1,294.00 per share on the NSE.

Launch of Unified Investor App

Central Depository Services (India) Ltd (CDSL) and National Securities Depository Ltd (NSDL) announced the launch of new unifying features in their investor applications.

According to the company, these features aim to improve investor access to critical financial data across Market Infrastructure Institutions (MIIs). 

The updated investor web and mobile applications (MyEasi by CDSL and SPEED-e by NSDL) offer a streamlined platform that consolidates financial data from various sources, including stock exchanges and clearing corporations, facilitating informed decision-making.

Key Features of the App

The applications provide investors with:

• A consolidated view of their securities across both CDSL and NSDL.
• Access to transaction and holding statements in one place.
• The ability to monitor open positions and margin details across exchanges and clearing corporations.
• A single-login system for seamless access to holdings and recent transactions.
• Enhanced security measures, including two-factor authentication, to ensure a secure experience.

CDSL Stock Price Trend

CDSL's stock has experienced a downturn, falling 16% in the past month and 17% over the last three months. Since the beginning of the year, the share price has declined by more than 27%.

Despite this recent dip, CDSL shares have shown strong long-term growth, gaining 43% over the past year and soaring over 82% in the last three years.

As of 9:30 AM, CDSL shares were up 3.12%, trading at ₹1,288.20 per share on the NSE.

Summary

CDSL and NSDL's launch of the Unified Investor App is a step toward enhancing investor convenience by consolidating financial data and improving accessibility. Despite recent stock price fluctuations, the company has seen substantial long-term growth.