Morgan Stanley, Goldman Sachs, and others buy stakes in CAMS; stock hits 52-week high
CAMS share price: At around 10:22 a.m., shares of CAMS traded 2.06 per cent, or Rs 59.55, higher at Rs 2951.25 apiece. The market capitalisation of the company stood at Rs 14,497.27 crore.
CAMS share price: Computer Age Management Services Ltd (NSE: CAMS) stock rose over 3 per cent in the morning deals on Tuesday (December 5) and clocked a 52-week high at Rs 2,989.3 apiece on BSE. The scrip gained for the second straight session after multiple bulk deals in the previous session.
As per bulk deal data on BSE, Societe Generale, India Acorn ICAV, Abu Dhabi Investment Authority, Kotak Mahindra Mutual Fund, Morgan Stanley Asia Singapore PTE, Sundaram BNP Paribas Select Midcap, Morgan Stanley Asia (Singapore) PTE, IIFL Mutual Fund, Goldman Sachs (Singapore) PTE, Birla Sun Life Mutual Fund, UTI Mid Cap Fund, and White Oak India Equity Fund II bought stakes in the company.
On the other hand, promoter Great Terrain sold 93 lakh shares in the depositories company.
At around 10:22 a.m., shares of CAMS traded 2.06 per cent, or Rs 59.55, higher at Rs 2951.25 apiece. The market capitalisation of the company stood at Rs 14,497.27 crore. At the close, the stock pared gains and ended 0.51 per cent or Rs 14.7 lower at Rs 2,877 apiece.
How did CAMS perform in Q2?
CAMS, which acts as a registrar and transfer agent for mutual funds, reported a 17.1 per cent surge in net profit to Rs 84.51 crore for the three months ended September 2023. In comparison, the company had a profit after tax (PAT) of Rs 72.14 crore in the corresponding period last year.
Its revenues during July–September 2023 rose 13.5 per cent to Rs 275.08 crore, from Rs 242.37 crore in the year-ago period.
For the half-year ended September 30, the company logged a PAT of Rs 160.85 crore, a growth of 17.5 per cent year-on-year (YoY), and registered a revenue of Rs 536.38 crore for the April-September period of the current financial year, a growth of 12 per cent year-on-year.
CAMS share price: Past performance
Since January 2023, shares of Computer Age Management Services have gained over 33 per cent as against Nifty's rise of over 14 per cent.
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03:34 PM IST