Published on 21/04/2017 2:41:04 PM | Source: Dion Global Solutions Ltd

Mastek hits 52-week high on robust Q4

Posted in Stock On The Move | #IT Sector #Stock On The Move #Quarterly Result #Mastek Ltd


Shares of Mastek zoomed nearly 15 per cent, hitting 52-week high, on the Bombay Stock Exchange after Mumbai-based software firm reported a significant jump of over two-fold in its consolidated net profit after taxes (PAT) at Rs 14.45 crore for the fourth quarter ended March 31, 2017. Driven by strong Q4, shares of the company gained as much as 14.67 per cent to hit 52-week high of Rs 273.45 apiece on the Bombay Stock Exchange.

The scrip was currently trading at Rs 267.50 against previous close price of Rs 238.45. In a similar fashion, stocks of company were trading 12.14 per cent higher at Rs 267.80 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,475.88, up 53.49 points or 0.18 per cent, at 11:02 hour.