Datamatics Global extends gains after overseas acquisition

Datamatics Global Services surged 12.47% to Rs 126.75 at 15:03 IST on BSE, with the stock extending Friday's gains after announcing acquisition of stake in RJ Globus Solutions, a voice-based BPO company.

Meanwhile, the S&P BSE Sensex was up 212.07 points, or 0.63%, to 33,839.04

On the BSE, 2.56 lakh shares were traded on the counter so far as against the average daily volumes of 20,000 shares in the past two weeks. The stock had hit a high of Rs 130.60 and a low of Rs 113.60 so far during the day. The stock hit a 52-week high of Rs 152.80 on 29 December 2017. The stock hit a 52-week low of Rs 93 on 30 May 2017.

The small-cap company has an equity capital of Rs 29.47 crore. Face value per share is Rs 5.

Shares of Datamatics Global Services rose 1.53% to settle at Rs 112.70 on Friday, 6 April 2018 after the company announced that its subsidiary has acquired stake in RJ Globus Solutions. The announcement was made during market hours on Friday, 6 April 2018.

Datamatics Philippines, a step-down subsidiary of Datamatics Global Services signed a definitive agreement to acquire RJGlobus Solutions Inc., a voice-based BPO company headquartered in Manila, Philippines. This acquisition will further strengthen the company's BPO offerings to meet the growing demands of customers and increase its market presence through an expanded global delivery centre, Datamatics Global Services said.

Established in 2012, RJGlobus Solutions offers customer service, backoffice solutions and analytics to leading companies in the Banking & Financial Services, Healthcare, Aviation, Telecom and e-Commerce space spread across USA, UK, China and Australia.

On a consolidated basis, Datamatics Global Services' net profit rose 26.82% to Rs 17.40 crore on 10.06% increase in net sales to Rs 234.84 crore in Q3 December 2017 over Q3 December 2016.

Datamatics is a global technology company offering Information Technology, Data Management, Business Process Management and Consulting services.

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