India's CMS Info Systems sinks on block deals

Cms Info Systems

10/08/2023 07:43

** Shares of India's CMS Info Systems  CMSN.NS  down as much
as 8.61% at 357.15 rupees, their sharpest intraday slide since
June 9
    ** Co posts lowest level since June 27
    ** More than 2.2 mln shares change hands in nine blocks,
priced between 360.35 rupees and 368.95 rupees apiece 
    ** Co shares fall below 50-day simple moving average, but
trade above 100-day SMA
    ** All five analysts eyeing the stock rate it "buy" or
higher; median TP 470 rupees - Refinitiv IBES data 
    ** CMS Info stock up ~18% YTD 
    

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))