Published 18:07 IST, February 5th 2025
Datamatics Shares Surge Almost 9% In One Day: What's The Pune Metro Line 3 Connection?
The rally follows the company’s recent announcement that it has secured the contract to deploy an Automatic Fare Collection (AFC) system for the highly anticipa

Datamatics’ stock price saw a significant surge of nearly 9 percent in just one day, drawing attention from investors and market watchers alike. The rally follows the company’s recent announcement that it has secured the contract to deploy an Automatic Fare Collection (AFC) system for the highly anticipated Pune Metro Line 3.
About Pune Metro Rail
The Pune Metro Line 3 project, which spans 23 km and connects key locations between Hinjewadi and Civil Court (Shivaji Nagar), will integrate AFC technology from Datamatics. This move marks a major step in the city’s metro expansion, and the contract highlights Datamatics’ growing role in transforming urban transportation systems.
About the AFC System
The AFC system will offer commuters a seamless and efficient travel experience by using EMV open-loop contactless cards and QR-based ticketing. This development aligns with India’s National Common Mobility Card (NCMC) initiative, which aims to create a unified, multi-modal transport network across cities.
Rahul Kanodia, Vice Chairman and CEO of Datamatics, emphasized the company’s leadership in AFC technology, highlighting its role in other major metro projects across India. Bala Gopalakrishnan, President & Head of Digital Technologies at Datamatics, assured timely delivery and long-term support for the project.
Why the stock surge?
Market experts have speculated that the contract win, combined with Datamatics’ expertise in AFC technology, has driven positive investor sentiment. The company has previously worked on similar projects for metros in Lucknow, Mumbai, Kolkata, and Delhi-Meerut, strengthening its reputation in the sector.
Updated 18:07 IST, February 5th 2025