Company Background :
Datamatics Global Services Limited is a provider of information technology and business process outsourcing, and consulting services. The Company provides business aligned next-generation solutions to a range of industry verticals for various enterprises across the world. It provides varied business processes, including finance and accounting (F&A), enterprise document management, enterprise content management, collaboration and portals, business intelligence data warehousing (BIDW) and analytics, big data, application development, support and testing, engineering and embedded solutions, and mobility.
It offers a range of independent testing and validation services. It also provides customized application management services. Its next-generation solutions and the services span across a section of industries, including banking and finance, healthcare, insurance, manufacturing, market research, publishing, retail and international organization
Stock Performance :
During the last 1 year the scrip has gained more than 80% from the lows of Rs.44 it has reached a 52 week high of 74 recently
During the last 6 months scrip turned bullish the scrip has gained more than 82% from the lows of Rs.44 it has reached a 52 week high of Rs.72
During the last 3 months has been good gained more than 20% from the lows of Rs.51 it raced to Rs.63
One month - High 65 and Low of Rs.54 currently hovering around peak levels.
Industry Outlook :
IT services industry with specific on contract staffing has gained traction with the entry of Team Lease. The recently concluded IPO of Quess Corporation by more than 145 times bears testimony. with re rating of the sector we expect exciting times ahead.
Our Recommendation :
For long term returns looking for capital protection and decent appreciation buy around current levels and hold for 12 months for a target price of Rs.121 giving almost 100% return.
Smart Investor -
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