2,190 per cent returns and FIIs & DIIs increase stake: This multibagger IT company provides AFC and mobile ticketing for India's first Namo Bharat RapidX Train!
The stock gave multibagger returns of 100 per cent in 1 year, 770 per cent in 3 years and a whopping 2,190 per cent in a decade.
Datamatics, a leading technology company, has implemented India's first Automatic Fare Collection (AFC) system for the Namo Bharat RapidX train by the National Capital Region Transport Corporation (NCRTC). This system will allow passengers to pay for their tickets using QR codes, mobile tickets, or contactless cards.
The AFC system consists of automatic fare gates, ticket readers, ticket vending machines, and other devices. It is integrated with banks to allow passengers to pay for their tickets using RuPay NCMC contactless cards. The AFC system also supports multiclass travel, which means that passengers can choose to travel in premium or economy class. This is the first time that multiclass travel has been offered on an urban RRTS system in India.
Datamatics' TruFare solution is a comprehensive AFC system that has been implemented in many cities around the world. It is a reliable and efficient system that will help to improve the travel experience for passengers on the Namo Bharat RapidX train.
Datamatics Global Services Ltd is a global IT, BPM, and Consulting services company that provides next-generation solutions to help enterprises overcome their business challenges and achieve operational efficiencies. The company has a market cap of over Rs 3,600 crore with a 3-year stock price CAGR of 107 per cent. In September quarter, Foreign Institutional Investors (FIIs) increase stake from 2.55 per cent to 3.14 per cent and Domestic Institutional Investors (DIIs) increase stake from 0.19 per cent to 0.33 per cent.
On Friday, shares of Datamatics Global Services Ltd gained 1.27 per cent to Rs 618.20 per share with an intraday high of Rs 625 and an intraday low of Rs 612.60. The shares of the company saw a spurt in volume by more than 1.54 times on BSE.
The stock gave multibagger returns of 100 per cent in 1 year, 770 per cent in 3 years and a whopping 2,190 per cent in a decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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