In the morning trade, Datamatics share price hit a fresh 52 week high and surged over 8 per cent on the NSE today after Insync Capital Partners LLP bought stake in the company through open market on Tuesday. The stock was trading at its highest level since September 2005.
On 20th December, 2016, Insync Capital Partners LLP had purchased 295,000 shares representing 0.50 per cent of total equity of Datamatics. Amrita Vidur Bhogilal, one of the promoters of Datamatics, had sold 5 lac shares of the company through open market. The name of the other buyers not ascertained immediately.
The stock of Datamatics Global Services has outperformed the market by surging 67 per cent. It was only a couple of days back that Datamatics share price had rallied up to 14 per cent and hit 52-week high on the NSE in intra-day trade. It had witnessed three-fold jump in trading volumes.
Today, at 9:36 am, Datamatics share price was trading at Rs 121.15, up 7.26 per cent. Datamatics Global Services had reported a consolidated net profit of Rs 21.12 cr in Q2FY17 as compared to the profit of Rs 4.52 cr in Q2FY16.
Datamatics is a global provider of Consulting, IT - Information Technology and BPO - Business Process Outsourcing services. Demonetisation has proved to be a boon for Datamatics Global Services as they are chief service providers to the banks.
Datamatics is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE. Datamatics is fundamentally strong and financially sound. It is safe for investment, as per Dynamic Levels Research Analysts.
In order to acquire more details on the support and resistance levels and also the fundamentals and financials of the stock, kindly refer to Datamatics share price history.
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