CMS Info Systems jumps 7% after SBI Mutual Fund, Abu Dhabi Investment pick stake

Indian domestic funds, including IIFL Mutual Fund-IIFL Focused Equity Fund, SBI Mutual Fund, and 360 One Mutual Fund, purchased CMS Info Systems’ shares at an average price of INR 300 ($4.06) per share, while foreign investors, including Abu Dhabi Investment Authority and Norges Bank, also bought shares. CMS is among the leading cash management and payments solution firms in India and has been consolidating in a range of INR 306-328 over the past month. Its 1-year returns stand at 43%, and the counter has outperformed Nifty50, which yielded nearly 12% returns during the period.