Datamatics Global Services surged 7.77% to Rs 122 at 09:53 IST on BSE after Insync Capital Partners LLP bought shares in the company in a bulk deal on BSE yesterday, 20 December 2016.
Meanwhile, the S&P BSE Sensex was up 51.50 points, or 0.2%, to 26,359.48
On the BSE, 8.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 124.70 and a low of Rs 119.20 so far during the day.
The stock hit a high of Rs 124.70 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 119.20 so far during the day. The stock hit a 52-week low of Rs 41.15 on 29 February 2016.
The stock had outperformed the market over the past 30 days till 20 December 2016, rising 51.74% compared with the 2.11% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 48.95% as against Sensex's 7.72% decline.
The small-cap company has an equity capital of Rs 29.47 crore. Face value per share is Rs 5.
Insync Capital Partners LLP bought 2.95 lakh shares of Datamatics Global Services at an average price of Rs 102.08 per share in a bulk deal on BSE yesterday, 20 December 2016. Insync Capital Partners LLP sold 153 shares of the company at an average price of Rs 113.10 per share in a bulk deal on BSE yesterday, 20 December 2016. Amrita Vidur Bhogilal was seller to the tune of 5 lakh shares at an average price of Rs 102.08 per share in the bulk deal on BSE yesterday, 20 December 2016.
Insync Capital Partners LLP is a Limited Liability Partnership firm incorporated in 2009. Designated Partners of the company are Utpal Hemendra Sheth, Amitabh Sonthalia, Rakesh Radheyshyam Jhunjhunwala and Rekha Jhunjhunwala.
On a consolidated basis, Datamatics Global Services' net profit rose 367.26% to Rs 21.12 crore on 7.31% increase in net sales to Rs 212.88 crore in Q2 September 2016 over Q2 September 2015.
Datamatics Global Services is a global provider of consulting, information technology (IT) and business process outsourcing (BPO) services.
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