Technical

Figures converted from INR at historical FX rates — see data/company.json.fx_rates. Ratios, margins, and multiples are unitless and unchanged.

Price snapshot

CDSL trades at $14.61, down 11.5% year-to-date and sitting at the 23rd percentile of its 52-week range. Beta is unavailable due to limited benchmark data for NSE-listed names.

Price history with 50-day and 200-day moving averages

Price is below the 200-day SMA. CDSL is trading at $14.61, 9% below the 200-day moving average of $16.08. The stock peaked at its all-time high of $21.64 in December 2024 and has been in a structural downtrend since — a pattern of lower highs and lower lows through early 2026.

The full 9-year chart reveals CDSL's character: a 15x compounder from $1.06 (Aug 2019 low) to $21.64 (Dec 2024 high), with two prior corrections of 40%+ (2022 and current). This is a high-beta growth stock that overshoots in both directions.

Relative strength

CDSL has returned 229% over 5 years (rebased to 329), but the trajectory tells the real story: a massive run from 100 to 445 (peak Dec 2024) followed by a 26% drawdown to the current 329 level. The stock is still a compounder on a secular basis, but the recent trend is clearly deteriorating.

Momentum — RSI and MACD

RSI at 46.6 is neutral — not oversold, not overbought. It touched 33 in mid-March 2026 (approaching oversold) then bounced, consistent with the price recovery from $13.04 to $14.61. The MACD histogram has just flipped positive for the first time since July 2025, signaling the start of a short-term momentum improvement. This is the earliest possible bullish signal but it is fighting the broader downtrend.

Volume and conviction

The volume picture is telling. The largest spikes occurred in May–June 2025 during the rally to $19.77 — that was a conviction-driven move. Since then, volume has collapsed to roughly a third of peak levels. The current bounce from $13.04 is happening on unremarkable volume (~10M shares/week), which undercuts the case for a durable reversal.

Volatility regime

Current 30-day realized volatility of 41% sits squarely in the "normal" band (p20 = 22%, p80 = 53%). Volatility spiked to 65% in early 2025 during the sharp sell-off from $20+ and has since normalized. The market is not pricing in panic, but it is not complacent either — elevated vol relative to the calm periods of late 2022 and mid-2023, when CDSL was bottoming before the 2023–24 rally.

Technical scorecard and stance

Stance: Bearish on the 3-to-6-month horizon. CDSL's structural downtrend from the December 2024 all-time high of $21.64 is intact — price is below both moving averages, the death cross is only three months old, and the recent bounce is happening on low volume. The MACD just turned positive, which is the first faint signal of a momentum shift, but one green bar does not override a well-established downtrend. Fundamentally, the TTM earnings deceleration (per reported financials: trailing sales growth at 1%, profit growth negative) aligns with the price weakness — the market was paying 57x earnings for high growth that has since stalled.

Two levels that change this view: a sustained weekly close above $16.08 (the 200-day SMA) would negate the death cross and flip the medium-term trend to neutral. A break below $13.02 (the March 2026 low and 52-week floor) would confirm the next leg down toward $11.13–$11.91, the consolidation zone from March 2025.