Datamatics Global Services Ltd., an IT solutions and business process management company, saw its stock price surge by over 9.50% on the National Stock Exchange (NSE) today at 9:18AM. The stock closed at ₹738.75, up ₹65.55 from its previous close of ₹673.20.
The surge in Datamatics’ stock price can be attributed to the company’s impressive performance in the first quarter of the current fiscal year, as well as its recent partnership with Microsoft to develop AI solutions through Copilots. The company’s shares have continued to gain momentum on the second day after the announcement of the Microsoft deal.
Key highlights of Datamatics’ Q1 results include revenue growth of 12% year-over-year and a 15% increase in net profit compared to the same period last year. The company’s strong performance across all business segments, including IT solutions, business process management, and engineering services, has also contributed to the stock’s rise.
Datamatics’ stock opened at ₹708.00 and touched an intraday high of ₹740.00 before closing at ₹738.75. The company’s market capitalization currently stands at ₹3,326.43 crore, and it has a price-to-earnings (P/E) ratio of 48.60.
Analysts remain bullish on Datamatics’ growth prospects, citing the company’s strong order book, diversified service offerings, and focus on emerging technologies such as artificial intelligence and automation. The company’s recent acquisitions and strategic partnerships, including the deal with Microsoft, are expected to contribute to its future growth.
Disclaimer: This stock update is provided for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities.
