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Datamatics Global Gains 7%; BSE IT Index Up 1.4%
Thu, 4 Jul 11:12

Datamatics Global Gains 7%; BSE IT Index Up 1.4%Image source: hudiemm/www.istockphoto.com

Datamatics Global share price has zoomed 7% and is presently trading at Rs 680.5.

Meanwhile, the BSE IT index is at 38,648.2 (up 1.4%).

Among the top gainers in the BSE IT index today are Coforge (up 3.5%) and Mastek (up 3.1%).

CYIENT (down 0.6%) and Tech Mahindra (down 0.5%) are among the top losers today.

Over the last one year, Datamatics Global has moved up from Rs 562.6 to Rs 680.5, registering a gain of Rs 117.9 (up 21.0%).

On the other hand, the BSE IT index has moved up from 29,747.6 to 38,648.2, registering a gain of 29.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.5%), Birlasoft (up 103.4%) and ZENSAR TECHNOLOGIES (up 97.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,160.9 (up 0.2%).

The top gainers among the BSE Sensex today are HCl Tech. (up 2.6%) and ICICI Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Motors and HDFC Bank.

In the meantime, NSE Nifty is at 24,339.0 (up 0.2%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,160.9, registering a gain of 14,955.9 points (up 22.9%).

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 20.4.


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