India's Datamatics Global Services jumps as Q3 profit surges

Datamatics Global Services

19/01/2023 09:21

** Shares of Datamatics Global Services Ltd  DATC.NS  rises
as much as 8.1% to 298.9 rupees, highest since Dec. 22
    ** Rise comes after the information technology co posts
24.1% growth in Q3 net profit to 458.7 million rupees ($5.64
million)
    ** Revenue from operations climbed 23.9% to 3.73 billion
rupees
    ** Stock which has been trading below 50-day, 100-day and
200-day moving avgs since Dec. 22, breached the 50-day and
200-day moving avg in today's trade
    ** More than 590,000 shares traded by 02:00 p.m., ~7.7x the
30-days avg
    ** Stock lost 9.6% in 2022
($1 = 81.3650 Indian rupees)
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))