India's CMS Info Systems hits over 2-month high on SBI contract win

Cms Info Systems

07/01/2026 06:27

** Shares of CMS Info Systems CMSN.NS rise 6.8% to 365 rupees, their highest in over 2 months

** Tech & logistics provider wins 10 billion rupees ($111.21 million) contract from State Bank of India SBI.NS for managed services, improving cash efficiency, delivering higher ATM uptime

** 10-year contract to cover ~5,000 bank-owned ATMs across India

** Over 2.2 mln shares traded, over 4x the 30-day avg

** Stock down 30% YTD

($1 = 89.9200 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))