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Datamatics Global Gains 20%; BSE IT Index Up 0.6%
Tue, 27 Aug 14:26

Datamatics Global Gains 20%; BSE IT Index Up 0.6%Image source: asbe/www.istockphoto.com

Datamatics Global share price has zoomed 20% and is presently trading at Rs 673.2.

Meanwhile, the BSE IT index is at 42,684.7 (up 0.6%).

Among the top gainers in the BSE IT index today are Tata Elxsi (up 14.4%) and TANLA SOLUTIONS (up 3.8%).

Firstsource Solutions (down 1.6%) and Mastek (down 1.1%) are among the top losers today.

Over the last one year, Datamatics Global has moved up from Rs 552.6 to Rs 673.2, registering a gain of Rs 120.7 (up 21.8%).

On the other hand, the BSE IT index has moved up from 31,231.8 to 42,684.7, registering a gain of 36.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 176.3%), INFIBEAM AVENUES (up 118.2%) and PERSISTENT SYSTEMS (up 98.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,809.9 (up 0.1%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.2%) and L&T (up 2.1%). The most traded stocks in the BSE Sensex are ICICI Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,043.3 (up 0.1%). Shriram Transport and SBI LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,809.9, registering a gain of 16,376.6 points (up 25.0%).

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 21.3.


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