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Datamatics Global Gains 8%; BSE IT Index Up 1.0%
Wed, 9 Oct 13:45

Datamatics Global Gains 8%; BSE IT Index Up 1.0%Image source: Ivcandy/www.istockphoto.com

Datamatics Global share price has zoomed 8% and is presently trading at Rs 617.2.

Meanwhile, the BSE IT index is at 43,140.4 (up 1.0%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 4.1%) and Birlasoft (up 3.1%).

Firstsource Solutions (down 0.3%) is among the top losers today.

Over the last one year, Datamatics Global has moved up from Rs 587.1 to Rs 617.2, registering a gain of Rs 30.1 (up 5.1%).

On the other hand, the BSE IT index has moved up from 32,584.2 to 43,140.4, registering a gain of 32.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 185.1%), Firstsource Solutions (up 96.8%) and PERSISTENT SYSTEMS (up 91.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,788.4 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.6%) and Maruti Suzuki (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,104.1 (up 0.4%). Tata Motors and Cipla are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.4 to 81,788.4, registering a gain of 16,276.0 points (up 24.8%).

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 19.6.


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