Published on 19/01/2018 12:55:48 PM | Source: Dion Global Solutions Ltd

Mastek spikes 5% on sharp turnaround in Q3

Shares of Mastek rallied nearly 5 per cent on the Bombay Stock Exchange after the company reported standalone net profit at Rs 6.42 crore during third quarter compared to net loss of Rs 0.49 crore in the previous year quarter. Driven by strong Q3, stocks of the company gained as much 4.77 per cent to touch an intra-day high of Rs 417.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 4.16 per cent higher at Rs 414.25 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 35,377.89, up 117.60 points, or 0.30 per cent, at 12:05 hours.