seach-icon
  • user-img

    QONEQT in News

    21-Nov-2022 09:57 AM


    thumbnail

    CAMS stock down 27% from 52-week high; is it a good buy?

    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