A stock split is a corporate action in which a company divides its existing shares into several new shares to increase the number of shares outstanding while keeping the total value of the company the same. It doesn’t change the overall market capitalization of the company, only the number of shares and the price per share.
The announcement was made after trading hours and CAMS shares ended at Rs 3,865 on the NSE today, up by Rs 33.90 or 0.88%.
This will be the first subdivision of the share since its stock exchange listing in May 2021.
CAMS is a technology-driven financial infrastructure and service provider that focuses on investment funds and other financial institutions. With over two decades of industry experience, the company is one of the leading Registrar and Transfer Agency (RTAs) in the Indian mutual fund industry. The company claims to manage approximately 68% of average assets under management as of April 2025. The company also provides technology-based solutions to alternative investment firms and insurance companies.
CAMS stock has struggled on the Street, falling more than 12% in the past year. The stock has fallen below its 200-day simple moving average (SMA) of Rs 3,929, while it is still trading above its 50-day SMA of Rs 3,838. The stock shows high volatility and trades with a 1-year beta of 1.4, according to Trendlyne data. While the company is yet to announce its September quarter results, CAMS reported a 1% growth in its consolidated net profit of Rs. 109 crore in the quarter ended June versus Rs 108 crore in the year-ago period. Total revenue in the reported quarter was Rs 367 crore, which was a growth of 7.1% year-on-year.
(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times.)
as a reliable and trusted news source#CAMS #board #approves #stock #split #time