BSE: 544467

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939.35 7.40 (0.79%)

541.1K BSE Volume

BSE 17 Apr, 2026 3:31 PM (IST)

18,787

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High in industry

National Securities Depository Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NSDL, BSE:544467 National Securities Depository Ltd.

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National Securities Depository Ltd.

02 Feb 2026

939.35

0.79%

Overall, a weak quarter

ipo note: National Securities Deposi...

Motilal Oswal

CDSL’s operating revenue rose 9% YoY but declined 5% QoQ to INR3.0b (in line). The sequential decline was due to a 2%/5% drop in annual issuer charges and IPO & corporate action charges to INR1.1b and INR590m, respectively.

National Securities .. has an average target of 1135.00 from 5 brokers.

National Securities Depository Ltd.

29 Jan 2026

939.35

0.79%

Seasonally weak quarter, higher tax hits PAT

Neutral: National Securities Deposi...

Target

Motilal Oswal

NSDL’s operating revenue remained flat YoY but declined 10% QoQ to INR3.6b (8% miss) due to a 17%/3% QoQ decline in the Depository/Banking segments. For 9MFY26, revenue was flat YoY at INR10.7b.

National Securities Depository Ltd. is trading above its 50 day SMA of 908.1

National Securities Depository Ltd.

18 Nov 2025, 12:00AM

939.35

0.79%

Prominent and steadier play on growth in Indian capital markets

Hold: National Securities Deposi...

ICICI Securities Limited

National Securities Depository Ltd. (NSDL) provides depository services to investors, issuers, depository participants, financial institutions, stockbrokers, custodians, clearing corporations and other market intermediaries through an integrated platform.

Number of FII/FPI investors increased from 68 to 82 in Mar 2026 qtr.

National Securities Depository Ltd.

13 Nov 2025

939.35

0.79%

Revenue growth driving PAT beat

Neutral: National Securities Deposi...

Target

Motilal Oswal

NSDL’s operating revenue grew 12% YoY/28% QoQ to INR4b (20% beat), led by 21%/7% YoY growth in Depository/Banking segments. For 1HFY26, revenue grew 3% YoY to INR7.1b.

National Securities Depository Ltd. is trading below its 100 day SMA of 982.2

National Securities Depository Ltd.

17 Sep 2025, 12:00AM

939.35

0.79%

Shaping Tomorrow’s Capital Markets

Neutral: National Securities Deposi...

Motilal Oswal

The opportunities for the entire Indian capital market ecosystem over the next decade, with a rising financialization trend but low penetration (demat penetration at 15% vs 60%+ in the US), continue to be immense (highlighted in our capital market thematic report).

Number of FII/FPI investors increased from 68 to 82 in Mar 2026 qtr.

National Securities Depository Ltd.

30 Jul 2025

939.35

0.79%

IPO Note

IPO Note: National Securities Deposi...

Deven Choksey

National Securities Depository Limited (NSDL), is a SEBI-registered market infrastructure institution, providing depository services to retail and institutional investors.

Number of FII/FPI investors increased from 68 to 82 in Mar 2026 qtr.

National Securities Depository Ltd.

29 Jul 2025

939.35

0.79%

National Securities Depository (NSDL) IPO Note India's first...

IPO Note: National Securities Deposi...

Prabhudas Lilladhar

National Securities Depository Limited (NSDL) is India's first and largest depository, established in 1996 to facilitate the holding and transfer of securities in electronic (dematerialized) form. It plays a crucial role in the Indian capital market by enabling seamless settlement of trades, reducing paperwork, and enhancing transaction efficiency and security. NSDL works through a network of depository participants and supports services like demat account maintenance, electronic settlement of trades, pledge/hypothecation of securities, and online transaction facilities like SPEED-e. Regulated by SEBI, NSDL has significantly...

Number of FII/FPI investors increased from 68 to 82 in Mar 2026 qtr.

National Securities Depository Ltd.

29 Jul 2025

939.35

0.79%

NATIONAL SECURITIES DEPOSITORY LTD.

IPO Subscribe: National Securities Deposi...

Ventura

IPO NOTE

National Securities Depository Ltd. is trading above its 50 day SMA of 908.1