Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Datamatics Global Plunges 7%; BSE IT Index Down 0.5%
Thu, 1 Aug 15:46

Datamatics Global Plunges 7%; BSE IT Index Down 0.5%Image source: asbe/www.istockphoto.com

Datamatics Global share price has plunged 7% and is presently trading at Rs 605.0.

Meanwhile, the BSE IT index is at 41,482.2 (down 0.5%).

Among the top losers in the BSE IT index today are Sonata Software (down 10.0%) and Birlasoft (down 4.6%).

Firstsource Solutions (up 9.7%) and Eclerx Services (up 2.0%) are among the top gainers today.

Over the last one year, Datamatics Global has moved up from Rs 564.4 to Rs 605.0, registering a gain of Rs 40.7 (up 7.2%).

On the other hand, the BSE IT index has moved up from 30,276.6 to 41,482.2, registering a gain of 37.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 180.9%), Firstsource Solutions (up 107.6%) and INFIBEAM AVENUES (up 103.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,867.6 (up 0.2%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and HDFC Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 25,006.0 (up 0.2%). Power Grid Corp. and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,867.6, registering a gain of 15,339.9 points (up 23.1%).

Datamatics Global Financial Update...

Datamatics Global net profit fell 10.9% YoY to Rs 521 million for the quarter ended March 2024, compared to a profit of Rs 585 million a year ago. Net sales declined 0.9% to Rs 4,127 million during the period as against Rs 4,163 million in January-March 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 18.1.


Equitymaster requests your view! Post a comment on "Datamatics Global Plunges 7%; BSE IT Index Down 0.5%". Click here!