Buzzing stock: Datamatics Global Services jumps 16 per cent; makes new 52-week high

During Friday’s trading session, even as Sensex and Nifty were trading flat, the stock of Datamatics Global Services jumped 16 per cent and registered a new 52-week high of Rs 109.75.

The stock of Datamatics Global Services has recovered by 300 per cent from its sharp decline of March 2020. In the last one month, the company has gained nearly 53.93 per cent.

The company reported a net profit of Rs 15.41 crore in Q2FY21, an increase of 14.06 per cent. It had reported a profit of Rs 13.51 crore in Q1FY21. The company reported a total income of Rs 286.68 crore for Q2FY21, an increase of 2.58 per cent as against the total income of Rs 279.48 crore for Q1FY21.

According to BSE data, the stock traded at a P/E multiple of 31.46 and a price-to-book ratio of 1.11. The stock has a 52-week high and a 52-week low of Rs 109.75 per share and Rs 28.10 per share, respectively.

Datamatics Global Services is a global provider of information technology (IT), business process outsourcing (BPO), and consulting services.

The share price of the company closed at Rs 103.30, up by 10.07 per cent on BSE.