Key Points
The shares of AU Small Finance Bank rose 0.66% while CAMS stock fell 1.10% today...
Renowned investment strategist Christopher Wood of Jefferies has initiated investment in AU Small Finance, assigning it a 3% weightage, and has removed CAMS (Computer Age Management Services) from his portfolio, revealed the latest GREED & Fear note..
Computer Age Management Services (CAMS) removal from Chris Woods portfolio came just after a week when he mentioned in his note that Indias asset management story is the most promising domestic asset management story globally..
Still, GREED & fear has discovered this week that the mutual fund industry faces regulatory headwinds which, if implemented, will increasingly damage the profits of what is a clear success story, Christopher Wood added...
Meanwhile, Computer Age Management Services (CAMS) reported a 2.3% on-year rise in its consolidated revenue to Rs 249.2 crore in the March quarter and a 0.7% on-year rise in its consolidated net profit to Rs 74.36 crore against Rs 73.84 crore in Q4FY22..
