Small Cap Stock Declares New Record Date For Interim Dividend, Buy Shares For 35% Return

Computer Age Management Services (CAMS) is a leadingMutual Fund Transfer Agency to the Indian Asset Management Companies with a share of ~ 70% of the assets under management (AuM). It came into existence in 1988. It offers online transaction, mailback, capital accounting, subscription, sales systems support, and investment services, among others.

Leading brokerage firm JM Financial has given buy call to the stock in its 2 weeks back report with a target price of Rs 3300. The board of directors of the company has revised record date for interim dividend. Check key takeaways below:

1. Computer Age Management Services Revises Record Date For Interim Dividend

The board of directors of Computer Age Management stated in the regulatory filing, "This has reference to our intimation dated 04" November 2022 in respect of the Record Date as 16" November 2022 for the Interim Dividend for the financial year 2022-23. The revised Record date is 17" November 2022."

Dividend will be paid to those shareholders as on 17" November 2022 which has been fixed as the "Revised Record Date" for determining the members eligible to receive dividend. The expected date of disbursement of the dividend will be on or before 02nd December, 2022.

2. Computer Age Management Services Stock Outlook

The last trading price of the stock is Rs 2453 apiece with decline of 0.79% intraday (November 4, 2022). The stock's 52-week high is quoted at Rs 3250 apiece and 52-week low is quoted at Rs 2039 apiece, respectively. The company has a market capitalisation of Rs 12021 crore.

3. Computer Age Management Services Return

The stock has declined 19% in last 5-years, gave return of 2% in last 6-months, and declined 1% in last 1-months.

4. JM Financial Assigns Buy Rating

JM Financial has assigned buy call to the stock with a target price of Rs 3300 and a potential return of 35%. JM Financial said the registrar & transfer agent (RTA) industry in India is a duopoly, with CAMS commanding 70 per cent market share and the rest with KFin Technologies (KFin).

Disclaimer

The stock has been picked from the brokerage report of JM Financial. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.