Shares of mutual fund transfer agency Computer Age Management Services (CAMS) have lost 27% from 52-week high amid a roller coaster movement in the broader market. CAMS Services shares are down by Rs 857 or 27.31 % from their 52-week high of Rs 3137 hit on November 25, 2021 against the level of Rs 2,280 today. Currently, the stock is trading in a oversold zone and has high valuation. Abhijeet from Tips2trade said, "After the initial euphoria in 2021, expectedly, CAMS stock price is seeing a correction as valuations seemed overstretched for an average financial performance thus far. Rs 2650 is a crucial level where it can face resistance. Rajesh Sinha, senior research analyst at Bonanza Portfolio is bullish on the stock with a target price of Rs 3400. Source: BusinessToday #CAMS