01-01-1970 12:00 AM | Source: Accord Fintech
Mastek surges on making strategic investment in VolteoEdge
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Mastek is currently trading at Rs. 1782.25, up by 18.45 points or 1.05% from its previous closing of Rs. 1763.80 on the BSE.

The scrip opened at Rs. 1778.70 and has touched a high and low of Rs. 1791.95 and Rs. 1769.55 respectively. So far 1653 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. 1850.00 and Rs. 1713.05 respectively. The current market cap of the company is Rs. 5363.40 crore.

The promoters holding in the company stood at 37.28%, while Institutions and Non-Institutions held 16.77% and 45.95% respectively.

Mastek has made a strategic investment in VolteoEdge, a SaaS company with an enterprise-ready Edge Intelligence Platform that enables secure IoT workflows and makes business workflows smarter. The investment demonstrates Mastek's commitment to harness the benefits of Data, AI and IoT technologies and empower customers in a Connected Economy.

VolteoEdge, in collaboration with Intel and ServiceNow, delivers Edge-as-a-Service or Edge-to-Service (E2S) to its customers across Manufacturing, Oil & Gas, Healthcare, Retail, and Infrastructure industries. The fusion of ServiceNow platforms with Edge intelligence will forge a comprehensive customer service solution that is self-monitoring in predicting and detecting service breakdowns and thereby initiating a rapid incident response. Through this strategic investment in VolteoEdge, Mastek aims to strengthen its customer service management & field engineering services to a more secure, intelligent, responsive, and connected ecosystem.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.