India's CMS Info Systems hits 5-month high on Q4 profit jump

Cms Info Systems

24/05/2023 07:50

** Shares of cash management co CMS Info Systems Ltd
 CMSN.NS  rise as much as 4.6% to 326.60 rupees, their highest
level since Dec 14, 2022
    ** Co on Tuesday reported a ~25% YoY increase in Q4
consolidated net profit and 12.9% YoY jump in rev from ops
    ** CMS also recommended a final dividend of 4.75 rupees per
share for FY 2022-23
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages, suggesting bullish trend
    ** More than 530,000 shares change hands, 2.1x 30-day avg of
258,634 shares
    ** Five analysts covering the stock have a "buy" or "strong
buy" rating; median PT is 417 rupees - Refinitiv data
    ** Including session's gains, stock up 1.7% YTD


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