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Datamatics Global Gains 7%; BSE IT Index Up 0.1%
Wed, 28 Aug 9:27

Datamatics Global Gains 7%; BSE IT Index Up 0.1%Image source: Eoneren/www.istockphoto.com

Datamatics Global share price has zoomed 7% and is presently trading at Rs 722.1.

Meanwhile, the BSE IT index is at 42,715.3 (up 0.1%).

Among the top gainers in the BSE IT index today are INFIBEAM AVENUES (up 2.6%) and Eclerx Services (up 2.5%).

Tata Elxsi (down 3.3%) and ZENSAR TECHNOLOGIES (down 0.7%) are among the top losers today.

Over the last one year, Datamatics Global has moved up from Rs 539.6 to Rs 722.1, registering a gain of Rs 182.5 (up 33.8%).

On the other hand, the BSE IT index has moved up from 31,145.7 to 42,715.3, registering a gain of 37.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.8%), INFIBEAM AVENUES (up 124.5%) and PERSISTENT SYSTEMS (up 95.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,804.1 (up 0.1%).

The top gainers among the BSE Sensex today are M&M (up 1.1%) and Tata Motors (up 0.7%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,027.8 . LTIMINDTREE and M&M are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,804.1, registering a gain of 16,807.5 points (up 25.9%).

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 22.9.


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