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Datamatics Global Gains 5%; BSE IT Index Down 0.2%
Mon, 12 Aug 10:57

Datamatics Global Gains 5%; BSE IT Index Down 0.2%Image source: ipopba/www.istockphoto.com

Datamatics Global share price has zoomed 5% and is presently trading at Rs 583.0.

Meanwhile, the BSE IT index is at 39,762.2 (down 0.2%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 2.0%) and KPIT TECHNOLOGIES (up 1.1%).

ROUTE MOBILE (down 2.6%) and INFIBEAM AVENUES (down 2.1%) are among the top losers today.

Over the last one year, Datamatics Global has moved up from Rs 540.3 to Rs 583.0, registering a gain of Rs 42.7 (up 7.9%).

On the other hand, the BSE IT index has moved up from 31,105.6 to 39,762.2, registering a gain of 27.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 168.8%), INFIBEAM AVENUES (up 119.0%) and Firstsource Solutions (up 93.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,677.7 .

The top losers among the BSE Sensex today are NTPC (down 1.4%) and MUNDRA PORT & SEZ (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,362.4 . APOLLO HOSPITALS and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,677.7, registering a gain of 13,831.2 points (up 21.0%).

Datamatics Global Financial Update...

Datamatics Global net profit fell 19.9% YoY to Rs 438 million for the quarter ended June 2024, compared to a profit of Rs 547 million a year ago. Net sales rose 0.7% to Rs 3,940 million during the period as against Rs 3,911 million in April-June 2023.

For the year ended March 2024, Datamatics Global reported 6.4% increase in net profit to Rs 1,971 million compared to net profit of Rs 1,853 million during FY23. Revenue of the company grew 6.2% to Rs 15,499 million during FY24.

The current Price to earnings ratio of Datamatics Global, based on rolling 12 month earnings, stands at 18.5.


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