CAMS at new all-time high after commencement of trading on NSE, market cap crosses Rs11,000cr

On May 07, CAMs was listed at Rs2219.50 per share on NSE and closed at Rs 2210 per share.

May 10, 2021 12:05 IST India Infoline News Service

Analyzing Data on Computer
Chennai-based Computer Age Management Services (CAMS) commenced trading on NSE at Rs 2219.50 per share last week. On Monday, at around 12.51, CAMS is performing at a new 52-week high of Rs2,268 per piece up by Rs60.60 or 2.8% on NSE. At the current market price, the company's market capitalisation stood at Rs11,073.63cr. This is higher compared to the listing day.

On May 07, CAMs was listed at Rs2219.50 per share on NSE and closed at Rs 2210 per share. The total quantity traded was 95184 shares with a total delivery percentage of 37%. The Market Capitalization of the company post-closing price stood at Rs10790cr.

As of April 30, 2021, the promoters hold 30.96% of the company and 47.90% is held by Institutions (including Mutual Funds, Foreign Portfolio Investors and Financial Institutions). In the Mutual fund category SBI Mutual Fund, ICICI Prudential, Aditya Birla and HDFC Mutual fund are amongst the top holders. The list of Foreign Portfolio investors includes Small Cap World Fund, Fidelity, and Goldman Sachs.

Anuj Kumar, CEO & Whole-time Director, CAMS, said “The company commenced its public listing journey with listing of its shares on the Bombay Stock Exchange on Oct 1st, 2020. NSE investments was a shareholder in CAMS prior to the IPO, and while they exited the company completely during the IPO this shareholding precluded the listing of the company’s shares on NSE at that time. Listing on NSE is a significant milestone for the company and it will help in broad basing our investor base. We are happy to get the approval to list on NSE and gain access to their vast base of retail investors across India."

Kumar added, "We continue to remain focused on expanding our business as a technology-driven business services provider. We are participating in new and emerging financial infrastructure & platform opportunities. Our recent appointment as the Central Record-keeping Agency for National Pension System (under Pension Fund Regulatory Authority of India), our subsidiary being awarded a license as an Account Aggregator by RBI and our recent application for payment aggregator license vindicate this focus."

The Board Meeting for taking on record the financials for the year ended 31st March 2021 and for consideration of Final Dividend has been scheduled for 25th May 2021.

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