CAMS got an in-principle authorisation from RBI back in February 2023, the company said, adding that the certificate of authorisation bearing No 183/2024 was received on April 10, 2024 by the company.
It was after a long debate and committees getting formed that it was decided that stock exchanges and other institutions which play a pivotal role in the development of the capital market should be allowed to list on exchange for trading, though with some caveats. The fact is that after listing these companies not only continue to play a pivotal role in the development of the stock market but also have created a good amount of wealth for investors who were able to realise the fact that the best way to take exposure to ever growing capital formation ecosystem is to own these stocks. Some of these stocks have gained a good amount in the last three years, But the fact is that even there is a much longer runway for them as more savings gets into financial assets like shares, mutual funds and bonds. So, not only trade and trade and transact with them but also owning them might be a good idea for long term investors.
Computer Age Management Services (CAMS), a part of the financial services industry, gave a breakout and hit a fresh 52-week high. Traders can buy on dips with a target above 3,600 levels, as the stock is trading well above moving averages and showing bullish indicators.
Shares of Page Industries Ltd turned ex-dividend today. The franchise owner of innerwear brand Jockey, had announced an interim dividend of Rs 100 per share.
EMS provides various services, ranging from EPC and O&M, in sewerage solutions, water supply systems, and wastewater schemes for government authorities and local bodies.