ICICI Direct's research report on Computer Age Management Services
CAMS is a mutual fund transfer agency. It provides technologydriven financial infrastructure & services to MFs and other financial institutions. Largest registrar and transfer agent (RTA) of MFs with ~69% market share • It has consistently operated with high (~30%) margins and return ratios.
Outlook
We maintain our BUY rating on the stock. We value CAMS at ~41x FY24E EPS and revise our target price from Rs 3500 to Rs 2760 per share.
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