Why Did CMS Info Systems' Share Price Jump Over 7% Today? Check the Reason
India, Sept. 16 -- The share of the company, which is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis, came into focus after RBI's MDR announcement.
With a market capitalization of Rs 3,730 crore, CMS Info Systems Ltd's share on Wednesday made a day high of Rs 239 per share, up by 7.2 percent from its previous close of Rs 222.60 per share. The stock of the company gave a negative return of 44 percent over the last year.
Factors that might be behind the rally in the stock today
New UPI MDR may support cash usage
An MDR of 0.4 percent on selected P2M UPI transactions which exceed Rs 2,000 can result in making the use of cash relatively more appealing for some expensive tr...
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