India's CAMS jumps on cenbank nod to operate as payment aggregator

Computer Age Management Services

15/02/2023 06:34

** Shares of mutual funds transfer agency Computer Age
Management Services (CAMS)  COMU.NS  turn positive, rise as much
as 1.7% to 2,305 rupees
    ** CAMS on Wednesday said it got a nod from the Reserve Bank
of India to operate as a payments aggregator
    ** Co's shares mark biggest intraday pct gain since Jan. 27,
hit highest level since Jan. 30
    ** Stock trading above its 50-day simple moving average of
2,424.51 rupees
    ** Around 54,000 shares traded by noon IST, 0.7x the 30-day
avg volume
    ** Four of nine analysts rate stock 'buy' or 'strong buy',
two 'hold' and three 'sell' or 'strong sell;' median PT is 2,500
rupees - Refinitiv data
    ** Stock up 3% YTD as of noon IST, after posting a 16.7%
loss in 2022
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))