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CAMS in Focus: Geojit Turns Bullish After Valuation Correction — Check Target Price, Upside
CAMS' assets under management growth remains supported by rising folio additions and stable market share.
Asian shares rally after oil prices slip, Wall Street resumes its AI rally
Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips. Its shares rose 1.3% on Wednesday before its earnings report was released, but they fell 1.3% in afterhours trading after the announcement. South Korea's Kospi soared 8% to 7,787.74, helped by strong buying of technology shares such as Samsung Electronics, which gained 7.5% after its labour union and management reached an agreement late Wednesday that averted a strike. Shares in SK Hynix, a computer chipmaker partnering with Nvidia, surged 11.3%. The Kospi has been breaching records, recently .
CAMS shares surge 9% in weak markets on Q4 show; dividend announcement
CAMS shares today: The company said improved operational efficiency and a significant ramp-up in automation initiatives helped absolute Ebitda reach an all-time high of ₹183.66 crore