Multibagger Stock, March 28 -- Indian brokerage firm Anand Rathi Investment Services has picked Central Depository Services (India) Ltd. (CDSL) as its stock pick of the month for March 2025 and expects an upside of 16 per cent.

Shares of the depository firm closed 2.72 per cent higher at Rs.1,220 on the NSE index after Friday's stock market session, compared to Rs.1,187.70 at the previous market close.

According to Anand Rathi's stock pick of the month report, CDSL shares have been in a 'corrective mode' for some time, dropping from their earlier levels of 2,000 to nearly 1,000 levels.

"On the daily chart, we are witnessing a higher top and higher bottom formation," said the domestic brokerage, highlighting that there is a breakout of ...