CMS Info Systems Breakout

26 thg 10, 2022

CMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points. The company is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial institutions, organized retail and e-commerce companies in India. The business operates in 3 segments:
1. cash management services,
2. managed services i.e. banking automation product sales, common control systems, and software solutions, etc., and
3. others i.e. financial cards issuance for banks and card personalization services.

The chart of CMS Info Systems has given a breakout after a solid base formation. The stop loss is marked on the chart and the levels of 306-312 should be held. A recently listed stock, coming out of a good correction should always be on an investor's radar as it has the potential to outperform the market in short term. I am expecting targets in the vicinity of 450-500 for this one in the coming weeks.