CAMS tumbles on heavy volumes

Computer Age Management Services slumped 6.46% to Rs 2712.05, amid block deal buzz.

December 13, 2021 10:45 IST | capital market

On the BSE, 20,14,073 shares of the company were traded in the counter so far as against an average trading volume of 32,804 shares in the past three months.

On the NSE, 36,48,207 shares of CAMS changed hand in the counter so far compared with an average trading volume of 3,10,809 shares traded in the past three months.

According to media reports, the counter has witnessed block deal wherein 7.24% equity worth Rs 985 crore of CAMS changed hands in the counter at an average of Rs 2,780 per share.

In the past three months, the stock has declined 24.16% while the benchmark Sensex has added 1.59% during the same period.

On the technical front, the stocks RSI (relative strength index) stood at 26.869. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading below its 50-day, 100-day and 200-day moving average (DMA) placed at 3025.89, 3218.19 and 2767.59, respectively.

Computer Age Management Services (CAMS) is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over two decades of experience.

CAMS reported 48% rise in consolidated net profit to Rs 72.56 crore on a 33% increase in revenue to Rs 227.60 crore in Q2 FY22 over Q2 FY21.

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