Mastek inches up on inking pact with The Alternative Parcels Company
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Mastek is currently trading at Rs. 1795.95, up by 0.55 points or 0.03% from its previous closing of Rs. 1795.40 on the BSE.
The scrip opened at Rs. 1795.35 and has touched a high and low of Rs. 1820.50 and Rs. 1789.65 respectively. So far 2316 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3410.85 on 04-Apr-2022 and a 52 week low of Rs. 1492.00 on 18-Nov-2022.
Last one week high and low of the scrip stood at Rs. 1824.00 and Rs. 1722.70 respectively. The current market cap of the company is Rs. 5413.19 crore.
The promoters holding in the company stood at 37.28%, while Institutions and Non-Institutions held 16.77% and 45.95% respectively.
The Alternative Parcels Company (The APC) has entered into partnership with Mastek to implement Oracle Cloud Solutions. As a part of its transformation project, the client streamlined and integrated multiple products & platforms across its internal departments. The client was using disparate systems for HR, Finance, Procurement, and Sales functions leading to inefficiency, delays, and difficulty in decision-making.
Mastek implemented Oracle Cloud-based ERP, EPM, SCM, HCM & UK Payroll solutions. The solution will enable the client to get a unified back-end operation with efficient process workflows, upgraded compliance & regulations, and an enhanced user experience for its employees. Most importantly Mastek’s Value-Based Analytics (VBA) dashboard will provide a comprehensive view of the data to the executive and leadership team.
Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
