India's NSDL down after weak Q3 results

National Securities Depository

29/01/2026 10:25

** Shares of National Securities Depository Ltd NATS.BO closed down 3.2% at 979.70 rupees

** Co's Q3 consol net profit after tax down ~19% Q/Q; rev slips 10% sequentially

** Motilal Oswal says NSDL continues to deliver healthy growth across its depository and banking segments, driven by steady expansion in issuer and demat account onboarding

** Sustained momentum in demat account additions and the successful onboarding of new fintech partners will remain key monitorables for future growth  - Motilal Oswal

** NSDL rated "hold" on avg by 4 analysts covering the stock; median PT at 1,220 - data compiled by LSEG

** Stock down 7.8% so far in January

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))