How should you publish a tepid list of CMS information systems

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How should you publish a tepid list of CMS information systems The stock of CMS Info Systems made a tepid debut today at ₹218.5 apiece, gaining 1.2 per cent from its IPO offer price of ₹216. However, the stock has since gathered some momentum and was trading at ₹250.50 – a premium of 16 per cent . The company provides cash management services and technology solutions for ATM management to banks, financial institutions, and organised retailers. The modest gains were on account of the relatively weak subscription for the IPO. CMS’s consolidated revenues grew at a muted pace of 6.8 per cent compounded annual growth rate over FY19-21 to ₹1,321.9 crore. Besides, while operating margins have expanded quite well in the last three years to touch 23.4 per cent in FY21, with outsourced security services, vehicle maintenance and fuel forming major chunk of its expenses, further improvements in margins may not be easy. Since the company has been following an inorganic growth strategy, any acquisition of a substantial margin yielding business may help further expansion and spur the earnings growth for the company.
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