Datamatics Global hits 20% upper circuit, zooms 65% in three days

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

Shares of Datamatics Global Services were locked in the upper circuit of 20 per cent at Rs 300.90 on the BSE on Monday amid an over five-fold jumped in trading volumes. In comparison, the S&P BSE Sensex was down 616 points or 1.2 per cent at 52,524 points around 2.16 pm.

A combined 3.09 million equity shares, representing 5.2 per cent of the total equity of Datamatics had changed hands on the counter on the NSE and BSE at the time of writing this report. There were pending buy orders for around 360,000 shares on both the exchanges, data shows.

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