India's Datamatics jumps 14%; calls termination of US partnership "rumour"

Datamatics Global Services

18/07/2023 07:49

** Shares of information technology co Datamatics Global
Services  DATC.NS  rise as much as 14.45% to 617.05 rupees
    ** Co on Tuesday called as "rumour" news regarding
termination of big partnership in the U.S.; CEO, in a separate
interview, says "business as usual" in U.S
    ** DATC stock fell 19% 
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since Apr. 27, suggesting bullish trend    
    ** Stock seeing its most active trading session in over a
month with more than 2.2 mln shares changing hands by 11:54 a.m.
IST, 2.9x 30-day avg 
    ** Including session's gain , stock up 116.2% this year


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))