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Shares of CMS Info Systems witnessed a significant rally today as they surged up to 7 percent during the trading session. This positive momentum comes on the back of the company winning a major contract from the State Bank of India which is valued at approximately 1000 crore rupees. The agreement involves providing managed services for the vast ATM network of the largest lender in the country. Under the terms of this deal CMS Info Systems will handle maintenance and cash management services to ensure seamless operations for SBI customers. Market analysts suggest that this long term contract will provide a stable revenue stream and strengthen the company market position in the banking services sector. As a result of this announcement the stock price reached new heights with increased trading volumes on the stock exchanges. This contract is considered a milestone for the company as it demonstrates its capability to handle large scale banking infrastructure projects. Investors have reacted positively to the news seeing it as a sign of future growth and profitability for the firm. The company continues to be a dominant player in the cash management and ATM services market in India

Read More: SBI Awards 1000 Crore Contract to CMS Info Systems Boosting Stock Performance