Datamatics Global Services

The shares of Datamatics surged after the company announced that it has partnered with technology behemoth Microsoft to build artificial intelligence (AI) solutions through Copilots.

Shares of Datamatics soared 8.6 per cent at Rs 626 per share on the NSE in Wednesday's intraday trade

Shares of Datamatics Global Services (DGSL) hit a new high of Rs 609.20, surging 12 per cent on the BSE in Monday's intra-day trade.

The management said it expects to see a sustained growth momentum for FY23- FY24, given a decent pipeline of opportunities.

In Q4FY23, the company's revenue increased 32.9 per cent year-on-year (YoY) and 11.7 per cent quarter-on-quarter (QoQ) at Rs 416.30 crore

There has been a significant increase in movement in share price and volume of mid-cap information technology-enabled services (ITeS) companies in the last few days

We can witness short-covering move along with addition of fresh position only if Nifty breaches 15,250

The stock rallied 15% to Rs 129, extending its Friday's 2% gain after the acquisition of BPO Company in Philippines to strengthen the Company's BPO offerings to meet the growing demands of customers

The stock moved higher to its 12-year high at Rs 132, up 9% on the BSE extending it's a month-long rally.

The stock surged 10% to Rs 124.70 on the BSE in intra-day, its highest level since September 2005

The automatic fare collection contract is valued at approximately Rs 64 crore