Datamatics Global Services Ltd was locked in the upper circuit of 20 per cent at Rs 300.90 on the Bombay Stock Exchange (BSE) 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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In the past three trading days, the stock of the information technology (IT) software products company has surged 65 per cent. The company, in a filing, has clarified that significant movement in the share price/ volume behaviour of the scrip is purely due to market conditions and are market-driven.

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Datamatics Global Services Ltd-View Detailed Analysis