Whalesbook
National Securities Depository (NSDL) reported a 14.6% year-on-year rise in consolidated net profit to Rs 110 crore for Q2FY26, supported by a 12% revenue jump. In contrast, Central Depository Services (India) (CDSL) saw its net profit decline by 13.6% to Rs 140.21 crore, with a slight revenue dip and increased expenses. NSDL announced its first dividend post-listing at Rs 2 per share, while CDSL declared Rs 12.50 per share. Brokerage firm Motilal Oswal maintained a Neutral rating on both, setting price targets of Rs 1,270 for NSDL and Rs 1,520 for CDSL.