Rs 12/Share Dividend: Buy Zero-Debt Burden Stock, TP Rs 3,450: Motilal Oswal

Motilal Oswal has recommended investors to buy zero-debt burden stock Computer Age Management Services Ltd and assigned target price of Rs 3450 apiece. The Board of Directors of Computer Age Management Services approved payment of interim dividend of Rs 12/- per equity share on Feb 6, 2024.

The ex-dividend date of dividend will be next week i.e. February 16, 2024. Last trading prices of Computer Age Management Services Ltd shares on BSE is Rs 2904.05 apiece with intraday fall of 1.36%. Computer Age Management Services shares soared 29% in last 1-year. Check Details below:

CAMS Shares Performance & Return: The 52-week high of Computer Age Management Services shares on BSE is Rs 3024.95 apiece and 52-week low price is Rs 2002.10 apiece, respectively. The company's market capitalisation is Rs 14,271.41 crore. Computer Age Management Services shares witnessed surge of 22% in last 3-months, rallied 21% in last 6-months, and offered return of 29% in last 1-year. In last 2-years, Computer Age Management Services shares gained 9% and soared 55% in last 3-years.

Board of CAMS Approves Payment Of Dividend: As per the BSE filing of the company dated February 6, 2024, "The Board has approved the payment of an interim Dividend of Rs.12/- (Rupees twelve only) per equity share. The above Dividend will be paid to those shareholders as on 16t February 2024 which has been fixed as the "Record Date" for determining the members eligible to receive dividend. The expected date of disbursement of the dividend will be on or before 29t February 2024."

CAMS Q3 Results: The company on February 6, 2024 declared a surge of 21% in its profit after tax (PAT) to Rs 89 crore for the quarter ended December 2023 as against the PAT of Rs 74 crore in the corresponding quarter of last year. The company announced a rise of 19% in its revenue to Rs 290 crore for the December 2023 quarter as compared to Rs 244 crore from Rs 244 crore reported in the similar quarter of last year. EBITDA witnessed a growth of 18% to Rs 129 in the quarter under review from Rs 109 crore reported in the similar quarter of last year.

EBITDA margin arrived at 44.5%. "We had a very satisfactory quarter both in terms of posting strong financial results and in maintaining our deep focus on operational excellence. Revenue growth at 19% and PAT growth at 21% year-on-year is the culmination of robust performance across our revenue streams," said Managing Director Anuj Kumar.

Computer Age Management Services About: CAMS is a technology driven financial infrastructure and services provider to Mutual Funds and other financial institutions for over 25 years. As the market leading Registrar and Transfer Agency to the Indian Mutual Fund industry, CAMS serves ~69% of the average assets under management - as of Sep. 2022. It also provides technology enabled service solutions to Alternative Investment Funds and Insurance Companies. Besides serving as a B2B service partner, CAMS also serves customers through a variety of touch points such as pan-India network of service centres, white label call centre, online, mobile app and chatbot, among others, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House 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.