{"id":112715,"date":"2023-10-27T13:28:42","date_gmt":"2023-10-27T07:58:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112715"},"modified":"2023-10-27T14:38:33","modified_gmt":"2023-10-27T09:08:33","slug":"multibagger-it-stock-jumps-after-providing-services-for-indias-1st-namo-bharat-train","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-it-stock-jumps-after-providing-services-for-indias-1st-namo-bharat-train\/","title":{"rendered":"Multibagger IT stock jumps after providing services for India\u2019s 1st Namo Bharat train\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2400759788\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The small-cap IT share moved by 2 percent in Friday\u2019s trading session after it announced the provision of service to the Namo Bharat RapidX train by NCRTC for the Delhi-Meerut Priority Corridor.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-907454363\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 2,601 cr, the shares of Datamatics Global Service Ltd opened today\u2019s trading session on a positive note making a gain of around 2 percent at Rs. 628.80 and currently trading at Rs. 619.\u00a0<\/p><p>Such a positive momentum was observed, on 26 October the company announced in an exchange filing, that it is servicing India&#8217;s first Regional Rapid Transit System (RRTS) facilitating an end-to-end Automatic Fare Collection (AFC) system for the Namo Bharat RapidX train by NCRTC for Delhi-Meerut Priority Corridor.&nbsp;<\/p><p>This corridor cuts through one of the most densely populated sections of the National Capital Region, connecting Delhi to Uttar Pradesh. The services provided by the company are implemented for the 82 km long Delhi-Meerut Corridor. It includes design, supply, installation, testing, commissioning, and maintenance of the complete fare collection system.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1860260374\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking into the financials of the company, the revenue of the company was Rs. 391 cr during Q1 FY23-24, and the consolidated net profit was Rs. 55.08 cr during the same period.&nbsp;<\/p><p>Looking at the important financial ratios of the company, the return on equity was 19.49 percent during FY22-23, and the return on capital employed was 25.37 percent during the same period.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters of the company have 66.05 percent shares in the company, the public (Retail Investors) have 30.03 percent holdings, FIIs have 3.14 percent shares in the company and the remaining 0.33 percent is with DIIs.&nbsp;<\/p><p>The company has given multi-bagger returns to its investors managing to give more than 120 percent return in one year and 97 percent return in just 6 months.&nbsp;<\/p><p>For example, if someone had invested Rs. 1 lakh in this company\u2019s share a year ago, the worth of those shares would be Rs. 2.20 lakhs.&nbsp;<\/p><p>Headquartered in Mumbai, the company has a presence across the globe, Datamatics is a Digital Technologies, Operations, and Experiences company that enables enterprises to go Deep in Digital to boost productivity, customer experience, and competitive advantage.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3891760456\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written By Vaibhav Patil<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-397797281\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The small-cap IT share moved by 2 percent in Friday\u2019s trading session after it announced the provision of service to the Namo Bharat RapidX train by NCRTC for the Delhi-Meerut Priority Corridor.&nbsp; With a market capitalization of Rs. 2,601 cr, the shares of Datamatics Global Service Ltd opened today\u2019s trading session on a positive note [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":73343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-112715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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