CMS INFOSYSTEMS BAGS CONTRACT TO MANAGE 6000 HDFC BANK ATMs

has bagged an order of Rs 400 crore from India's largest private-sector bank HDFCBANK to manage 6000 ATMs for a period of five years. This contract will also include advanced solutions like currency forecasting and AI technology. The company expects this to boost it's revenue from private sector banks. is India's largest cash management company in terms of the number of ATM points and retail pick-up points. Having a market cap of Rs 4,911 crore, the company's stock price is trading at an attractive P/E of 14. It has also been maintaining a healthy dividend payout of 31% making it an attractive investment for regular income.