India's Datamatics Global Services hits upper circuit on strong qtrly results

Datamatics Global Services

10/05/2019 05:49

** Shares of Datamatics Global Services Ltd  DATC.NS  rise
as much 19.99 pct to 107.75 rupees, biggest intraday percentage
gain since December 2010 
    ** Co posted a profit of 252.5 mln rupees for the quarter
ended March, which was more than double its year-ago profit
 urn:newsml:reuters.com:*:nFWN22L0LH
    ** Co hits upper circuit limit
    ** More than 560,000 shares changed hands, over 14 times the
30-day avg of 39,778 shares
    ** Co's forward PE of 5.57 is below the 14.94 average for
sector which includes Mphasis Ltd  MBFL.NS  and Zensar
Technologies Ltd  ZENT.NS  
    ** Up to Thursday's close, stock had fallen 15.56 pct this
year

 ((arnab.paul@thomsonreuters.com@reuters.net))