India's CMS Info climbs most in over a week on Q3 profit jump

Cms Info Systems

30/01/2023 04:54

** Shares of CMS Info Systems  CMSN.NS  up as much as 2.53%
at 312 rupees - sharpest intraday rise since Jan. 20
    ** Cash management co on Friday reported 25.8% increase in
Dec. quarter net profit at 757.8 mln rupees ($9.28 mln)
    ** Rev from ops up 21% at 4.88 billion rupees 
    ** "Technology-led solutions will enable growth as we focus
to expand our market share," said Rajiv Kaul, co's chief
executive officer, executive vice chairman, and whole-time
director 
    ** Brokerages bullish on co with all 5 firms rating it a
"buy" or above; median PT is 400 rupees
    ** More than 44,507 shares traded as of 9:45 a.m. IST,
versus 30-day average of 217,580 shares
    ** Stock gained 31.2% last year
($1 = 81.6450 Indian rupees)
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))