CMS Info Systems rises on securing 30% of ATMs across India

Cms Info Systems

19/04/2023 08:13

** Shares of CMS Info Systems  CMSN.NS  rise as much as
2.43% to 296.80 rupees, hitting highest level since Mar. 9, 2023
    ** The cash management co said it has secured 30% ATMs
across India through its security application ALGO OTC
    ** ALGO OTC is fully automated, artificial intelligence
powered and mobility-based ATM security software application,
CMSN said
    ** Says plans to further implement ALGO OTC to existing
15,000 ATMs of the "largest bank in India" in CY2023
    ** Share price above 50-day and 200-day simple moving
averages (SMAs) but below 100-day SMAs
    ** Stock's moving average convergence divergence (MACD) line
above the signal line since April 3, indicating a bullish bias
    ** More than 71,000 shares change hands by 12:23 p.m. IST vs
30-day avg of 132,408 shares
    ** All 5 analysts covering the stock have a "buy" or "strong
buy" rating; median PT is 417 rupees - Refinitiv data
    ** Stock down ~7.3% YTD, as of last close


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))