{"id":121664,"date":"2024-04-02T14:37:31","date_gmt":"2024-04-02T09:07:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121664"},"modified":"2024-04-02T15:18:40","modified_gmt":"2024-04-02T09:48:40","slug":"stock-jumps-5-after-company-to-facilitate-issuance-of-insurance-policies-in-electronic-mode","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-5-after-company-to-facilitate-issuance-of-insurance-policies-in-electronic-mode\/","title":{"rendered":"Stock jumps 5% after company to facilitate issuance of insurance policies in electronic mode\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3877539114\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this market leader stock under the \u2018small-cap\u2019 category jumped approximately 5 percent in Tuesday\u2019s trading session after the company\u2019s wholly-owned subsidiary is set to facilitate the issuance of insurance policies in electronic mode. Year-to-date, the company\u2019s stock has gained close to 20 percent for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-745398187\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 15,413 crores, the stocks of Computer Age Management Services Limited started their trading session on Tuesday at Rs 3,005.05 and currently trades at Rs 3,136.35, gaining around 5 percent compared to the previous closing levels of Rs 2,992.95 apiece.\u00a0<\/p><p>Such sharp stock price movements were witnessed today after the company, through a recent regulatory filing with the Bombay Stock Exchange (BSE), provided a key business update.&nbsp;<\/p><p>A couple of days back, the \u2018Insurance Regulatory and Development Authority of India\u2019 (IRDAI) notified about the mandate of issuance of insurance policies by insurance companies in \u2018electronic form\u2019 w.e.f. April 1st, 2024.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-508137733\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In association with the same, CAMS Insurance Repository Services Limited (CAMSREP), one of the wholly-owned subsidiaries of the company, is an Insurance Repository registered with the IRDAI and is facilitating the issuance of policies in electronic mode.&nbsp;<\/p><p>Incorporated in 2011, CAMSREP is presently the second largest repository in the country with 60 lakh E-Insurance accounts and 72 lakh electronic policies maintained in its repository.&nbsp;<\/p><p>In addition to the above developments, the company is also establishing the \u2018Bima Central\u2019 platform as an industry solution to facilitate the transactions of a policyholder from a single platform.&nbsp;<\/p><p>During the recent financial quarters, the company\u2019s basic business parameters, viz, its operating revenues as well as after-tax profits, have reported an increase in numbers with the former shifting up from Rs 255 crores during Q2FY24 to Rs 269 crores during Q3FY24, and the latter, during the same time horizon, rising from Rs 81 crores to Rs 86 crores.&nbsp;<\/p><p>Founded in 1988, Computer Age Management Services Limited (CAMS) is India&#8217;s largest Mutual Fund Transfer Agency serving over 68.20 percent of assets of the Indian mutual fund industry.&nbsp;<\/p><p>The company also provides a comprehensive portfolio of technology-based services, including transaction execution, payment, settlement &amp; reconciliation, investor interface, record keeping, report generation, and many other services.<\/p><div class=\"trade-content-10\" id=\"trade-1184780776\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Amit Madnani\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3440925810\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this market leader stock under the \u2018small-cap\u2019 category jumped approximately 5 percent in Tuesday\u2019s trading session after the company\u2019s wholly-owned subsidiary is set to facilitate the issuance of insurance policies in electronic mode. Year-to-date, the company\u2019s stock has gained close to 20 percent for its stakeholders.&nbsp; With a market capitalization of Rs 15,413 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-121664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 5% after company to facilitate issuance of insurance policies in electronic mode\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this market leader stock under the \u2018small-cap\u2019 category jumped approximately 5 percent in Tuesday\u2019s trading session after the company\u2019s wholly-owned subsidiary is set to facilitate the issuance of insurance policies in electronic mode. 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