Choice Institutional Equities is bullish on Datamatics Global Services has recommended buy rating on the stock with a target price of Rs 1130 in its research report dated November 27, 2025.
Stocks to Watch, 31 October: Stocks like ITC, DLF, Dabur India, Swiggy, Bandhan Bank, United Spirits, TD Power Systems, Manappuram Finance, Gillette India, Welspun Corp, LT Foods, Lodha Developers, Pidilite Industries, Motilal Oswal Financial Services, Datamatics Global Services, Navin Fluorine International, and Reliance Industries will be in focus on October 31.
Stocks to Watch, 7 August: Stocks like Eternal, Hero MotoCorp, Trent, Bharat Forge, BHEL, Lumax Industries, Jindal Stainless, Fortis Healthcare, Datamatics Global, Bajaj Holdings, Cash Ur Drive Marketing, and Renol Polychem will be in focus on August 7.
Choice Equity Broking recommended hold rating on Datamatics Global Services with a target price of Rs 610 in its research report dated April 02, 2025.
The acquisition will be executed in two phases under definitive agreements signed on the same day.
Stocks like Oil India, Max Healthcare Institute, Manappuram Finance, Berger Paints India, Datamatics Global Services, Hero MotoCorp, Premier Explosives, Infosys, and Coffee Day Enterprises will also be in focus on November 6.
The party in the midcap IT space is basking on expectations of strong growth prospects and reasonable valuations offered by this pocket in the market. Aside from these sectoral expectations, stock-specific triggers also led to the spike in several midcap IT names.
Vice Chairman and CEO of Datamatics Global Services, Rahul Kanodia, said, “Our deal pipeline continues to remain robust, however we are alert to any strong headwinds arising out of global economic conditions”.