CMS Info Systems completes management of Punjab National Bank's (PNB) ATM network.
CMS Info Systems has completed the execution of ATM Managed Services of 5,200+ ATMs for Punjab National Bank (PNB), becoming PNB's largest provider of ATM Managed Services.
CMS Info Systems, a leading business services company in India, has completed the execution of ATM Managed Services of 5,200+ ATMs for Punjab National Bank (PNB) across 526 cities and towns in 26 states. CMS is now PNB's largest provider of ATM Managed Services. The CMS Info Systems stock increased by more than 3% to ₹361 a share during today's trading session on account of this news. The shares of CMS Info Systems also made a fresh 52-week high today. The business has a market cap of ₹5,476.57 crores. The promotors increased their holding in the company from 60.24% to 63.01%. While, the FIIs have too raised the stake in the company from 9.54% in FY21 to 13.12% in FY22. The stock has given a return of more than 60% in the past one year. Over the past five years, the company has produced solid profit growth of 29.4% CAGR. The company has maintained a dividend pay-out of an attractive 27% for Q4FY22. The net profit is been seeing growing and for the last quarter ended FY22 was recorded at 77 crores.
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