CAMS, CDSL, Geojit Financial Services: Buy or hold? Capital market stocks rise up to 4%; do you own? Targets, stop-loss

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Capital market stocks CAMS, CDSL, Groww, Geojit Financial Services shares witnessed strong buying during the Thursday session

Stocks to buy | Shares to buy: Amid a rising stock market, capital stocks witnessed strong buying on Thursday. Capital markets' major CDSL share price opened today at ₹1416 and touched an intraday high of ₹1461, recording an over 4% intraday rise. CAMS share price today opened at ₹723.50 per share and touched an intraday high of ₹755.30 apiece on the NSE. Shares of Geojit Financial Services, Groww, and others also saw buying interest during Thursday's session.

According to stock market experts, capital market companies are expected to leap frog once there is trend-reversal on Dalal Street. They said that one should look at the monopoly companies like CDSL, whose business is expected to rise with the rise in demat account holders. They said that companies like Geojit Financial Services, Groww, etc., are expected to see good business, but they may not outperform the segment or generate alpha returns. So, for a long-term investor, CDSL is best suited, whereas for a high ROE and mutual funds tailwinds, CAMS shares are better suited.

Unveiling the investment strategy while choosing a capital market stock, Avinash Gorakshkar, Founder of Avinash Mentor Research, said, “One should look at the monopoly companies. Stocks like Geojit Financial Services, Groww are expected to give a good return but shares of CDSL and CAMS are expected to outperform the category and generate an aplpha return.”

Gorakshakr said that investors looking for high ROE and mutual funds tailwind are advised to look at buying CAMS shares, while investors looking for long-term investment horizon, should look at CDSL shares.

Decoding the technical chart pattern of CDSL shares, Mahesh M Ojha, VP — Research and Business Development at KC Securities, said, “CDSL shares have strong support placed at ₹1388. The stock is facing resistance at ₹1480. On a decisive break above this resistance, we can expect the stock to touch ₹1550 in the near term.”

Ojha advised existing shareholders to hold the scrip, maintaining a…

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