Rubicon Research stock had a stellar rally on its market debut, soaring 29.5 percent to close the session at Rs 628.20 against the issue price of Rs 485, backed by the positive market mood and healthy IPO subscription numbers of nearly 104 times.
Stocks to Watch, 24 July: Stccks like Infosys, Dr Reddys Laboratories, Tata Consumer Products, Cigniti Technologies, Force Motors, Natco Pharma, IndusInd Bank, BEML, and Tilaknagar Industries will be in focus on July 24.
Stocks to Watch, 20 May: Stocks like CMS Info Systems, GMR Power and Urban Infra, New India Assurance Company, Marksans Pharma, Ami Organics, Bharat Bijlee, Le Travenues Technology, Mangalam Organics, Integrity Infrabuild Developers, Power Grid Corporation of India, Bharat Electronics, DLF, ACME Solar Holdings, Borosil, Petronet LNG, and DOMS Industries will be in focus on May 20.
Reliance Industries, Yes Bank, Bank of Baroda, Macrotech Developers, Intellect Design Arena, Praj Industries, Texmaco Rail, Balkrishna Industries, Torrent Pharma, CreditAccess Grameen, and Aegis Logistics will also be in focus on October 28.
The consolidated revenue for the reporting quarter stood at Rs 624 crore, rising by 15 percent YoY. Revenue was up by 4.19 percent on a QoQ basis.
CMS Info Systems has a fairly sizeable opportunity to expand its existing business, with an ongoing ATM refresh and branch expansion cycle in the under-penetrated Indian ATM market.
Opportunities in the cash management and managed services businesses appear to be strong, driven by the ATM replacement cycle, network expansion and retail cash business points growth
The consolidated revenue for the reporting quarter stood at Rs 627 crore, growing 25.1 percent YoY, compared to Rs 501 crore crore recorded in the same quarter a year ago.
Vanguard Emerging Markets Stock Index Fund and Vanguard Total International Stock Index Fund bought 0.79 percent stake and 0.82 percent stake, respectively in Sunadaram Finance
CMS has multiple mid-term growth drivers, including growth in organised retail for cash logistics, fresh cycle of PSU ATMs, and private sector ATM expansion for managed services
On February 27, promoter investor Sion Investment had sold its remaining stake and exited CMS Info Systems
Kaul said that increasing his stake demonstrated his and the company's commitment and focus to expand their offerings as well as to continue on their track record of high growth and strong profits.
On February 27, promoter Sion Investments, an affiliate of Baring Private Equity Asia, unloaded its entire 26.68 percent stake in CMS Info Systems through open market