camscams can be added or avgd at cmp for 3000, 3600
The company has informed investors of and entering into Share Subscription and Purchase Agreement and Shareholders Agreement with the existing promoters and shareholders of Fintuple Technologies Private Limited to and with Fintuple make a strategic investment in the company by way of a primary and secondary acquisition amounting to 51 % of the total paid-up share capital in the form of equity shares.
CAMS trade ideas
Strong buy in CAMSThere is strong rsi diversion in CAMS, the price was trading lower low but rsi is trading in higher low so, your first target will be yellow line which will give you a gain of 8% and if the price break yellow line with strong volume then your second Target will be at orange line which is again give you extra 8% gain.
And don't forget to keep trailing your stoploss !
First Target - Yellow line
Second Target - Orange line
Stoploss - Swing Low .
Computer Age Management Services Ltd (CAMS)AUM serviced by CAMS touches record high
Computer Age Management Services, a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions, reported that its net profit in the December quarter increased 37 per cent (year-on-year) to ₹77 crore (₹56 crore) on back of record high mutual fund transactions on its platform.
Revenue was up 28 per cent at ₹238 crore (₹186 crore).
CAMSNSE:CAMS
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CAMS - Accumulate During CorrectionDominant market share: Computer Age Management Services (CAMS) has been serving as registrar and transfer agency to the asset management industry of India and a technology-enabled service solutions partner to private life insurance, alternative investment funds, banking and non-banking finance companies. CAMS is India’s largest, institutionally-owned service partner with 69.7 per cent market share (as of September 2019) as per CRISIL report of the Indian mutual fund industry and serves several Indian financial institutions as well as marquee MNC brands. Such dominant market shares in a fast-growing segment augur well for the company.
Good fundamentals: CAMS reflects high RoE and extremely low debt with a high dividend payout.
The biggest trigger for CAMS is its dominant market share in one of the fastest growing business segments in India, fuelled by increasing equity culture in India.