Why Deven Choksey Of DR Choksey FinServ Bullish On CDSL?

Deven Choksey, the Managing Director of DR Choksey FinServ, has recently expressed his bullish stance on Central Depository Services (India) Limited (CDSL). Several factors contribute to his positive outlook on the company, highlighting its potential for substantial growth and profitability in the near future. CDSL holds a significant position in the Indian financial market as one of the two depositories operating in the country. It has consistently demonstrated strong performance, benefiting from the rising trend of dematerialization of shares and other securities. The company's extensive network and robust infrastructure give it a competitive edge over its peers.