23-10-2024 04:24 PM | Source: Accord Fintech
CAMS soars on expanding presence in GIFT City, Gujarat

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Computer Age Management Services is currently trading at Rs. 4569.30, up by 169.90 points or 3.86% from its previous closing of Rs. 4399.40 on the BSE.

The scrip opened at Rs. 4399.40 and has touched a high and low of Rs. 4636.90 and Rs. 4338.90 respectively. So far 15478 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4966.65 on 17-Oct-2024 and a 52 week low of Rs. 2232.10 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4966.65 and Rs. 4338.90 respectively. The current market cap of the company is Rs. 22475.98 crore.

The Institutions and Non-Institutions held 75.17% and 24.83%, stake in the company, respectively.

Computer Age Management Services (CAMS) has inaugurated its second office facility at GIFT City SEZ (Gujarat International Finance Tec-City Special Economic Zone), Gandhinagar. As one of the first Registrar & Transfer Agents (RTAs) to establish operations in the city, CAMS offers comprehensive fund administration services to financial institutions launching funds globally and in GIFT City.

GIFT city is an emerging dynamic hub for both Global and Indian funds to tap into global markets. CAMS was one of the first RTAs to be fully operational in GIFT city, having set up its office in 2021. The scaling up with a second and larger office at the new premises is well-aligned to the global expansion and evolving growth plans of its clients.

CAMS’s expansion in this dynamic hub offers numerous advantages for clients such as a supportive regulatory and infrastructural environment, global connectivity and streamlined administrative processes in a business-friendly setting.

Computer Age Management Services offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry.