Datamatics Global Services Ltd.

Datamatics Global Services is currently trading at Rs. 67.95, up by 0.20 points or 0.30% from its previous closing of Rs. 67.75 on the BSE.

The scrip opened at Rs. 67.75 and has touched a high and low of Rs. 68.70 and Rs. 67.75 respectively. So far 1955 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 119.75 on 02-Jan-2019 and a 52 week low of Rs. 63.00 on 26-Aug-2019.

Last one week high and low of the scrip stood at Rs. 70.50 and Rs. 66.90 respectively. The current market cap of the company is Rs. 400.56 crore.

The promoters holding in the company stood at 73.45%, while Institutions and Non-Institutions held 0.36% and 26.19% respectively.

Datamatics Global Services (DGSL) has strategically divested its stake in one of its subsidiaries - Cignex Datamatics Inc. The stake has been acquired by a Relevance Lab, a Singapore headquartered IT Services Company through a share-swap arrangement.

Cignex Datamatics is a US-headquartered IT Services firm offering, Open Source, Cloud and Automation services. The company had 62.51% stake in Cignex Datamatics through its step-down subsidiary and it contributed to 17.27% of the total turnover of DGSL. As a result of this deal, the step-down subsidiary will hold 21% of the total stake in the combined entity.

Datamatics provides Intelligent Solutions for data driven businesses to increase productivity and enhance customer experience.