India's CMS Info Systems rises on Q3 profit jump

Cms Info Systems

25/01/2024 08:24

** Shares of CMS Info Systems  CMSN.NS  up 3% to 391 rupees 
 
    ** The cash management co reported a 14.9% Y/Y increase in
consolidated net profit to 870.8 million rupees ($10.5 million)
for the quarter ended Dec. 31
    ** Revenue from operations up 19.3% 
    ** Co declared an interim dividend of 2.50 rupees per share 
    ** Stock posts biggest intraday pct gain since Dec. 29; sees
busiest day since Nov. 30
    ** Stock has been trading above its 200-day moving avg since
May 11; on track to gain for a second straight week, if trend
holds
    ** Avg rating of 5 analysts close to equivalent of "strong
buy"; median PT is 465 rupees - LSEG


($1 = 83.1250 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))