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Why Datamatics Global Share Price is Rising
Wed, 19 Jun 13:31

Datamatics Global share price has zoomed 8% and is presently trading at Rs 616.1.

Meanwhile, the BSE IT index is at 35,851.4 (up 0.4%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 3.2%) and Mastek (up 2.6%).

INFIBEAM AVENUES (down 1.3%) and LTIMINDTREE (down 1.3%) are among the top losers today.

Over the last one year, Datamatics Global has moved up from Rs 578.7 to Rs 616.1, registering a gain of Rs 37.4 (up 6.5%).

On the other hand, the BSE IT index has moved up from 29,174.5 to 35,851.4, registering a gain of 22.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 155.9%), INFIBEAM AVENUES (up 110.4%) and Birlasoft (up 103.0%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,370.4 (up 0.1%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.0%) and HDFC Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,540.1 (down 0.1%). Titan and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,370.4, registering a gain of 14,141.9 points (up 22.4%).

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 2023, Datamatics Global reported 19.3% increase in net profit to Rs 1,853 million compared to net profit of Rs 1,554 million during FY22. Revenue of the company grew 21.5% to Rs 14,592 million during FY23.

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

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