India's Datamatics Global surges on AI deal with Microsoft

Datamatics Global Services

27/08/2024 08:08

** Shares of Datamatics Global Services  DATC.NS  jump as
much as ~16% to 648.95 rupees
    ** The IT services provider says it has partnered with
Microsoft  MSFT.O  to develop its own copilot solutions
    ** Copilot is an AI chat assistant
    ** DATC, last up 12%, eyes best day since Dec. 1, 2023
    ** Stock eyes busiest trading session since early Dec. 2023,
with traded volume at 9.7x the 30-day avg
    ** Stock down ~3% so far in August, snapping two straight
months of gains

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))