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Mastek rises on entering into strategic partnership with Innovaccer
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Mastek is currently trading at Rs. 2845.80, up by 5.05 points or 0.18% from its previous closing of Rs. 2840.75 on the BSE.
The scrip opened at Rs. 2851.05 and has touched a high and low of Rs. 2894.80 and Rs. 2820.00 respectively. So far 1643 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3147.00 on 16-Feb-2024 and a 52 week low of Rs. 2105.95 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 3058.00 and Rs. 2820.00 respectively. The current market cap of the company is Rs. 8770.18 crore.
The promoters holding in the company stood at 36.23%, while Institutions and Non-Institutions held 18.54% and 45.22% respectively.
Mastek has entered into strategic partnership with Innovaccer, a leading healthcare AI company to drive better outcomes at lower costs and meet contracted performance targets. This collaboration will help recalibrate the company’s extensive healthcare focus by integrating Innovaccer’s expertise in data, customer experience, AI, and analytics, enhancing service offerings, and delivering significant impact through a focused value-based care model.
With healthcare as a key strategic focus, Mastek and Innovaccer aim to deliver holistic solutions to healthcare organizations. This partnership will enable healthcare organizations to provide best-in-class patient/consumer experiences, improve health outcomes, and improve the overall quality of care, all while ensuring affordability for patients.
Innovaccer’s AI-powered Health Experience Platform (HXP) unifies data from diverse sources, including electronic health records (EHRs), customer relationship management (CRM) systems, and enterprise data warehouses (EDWs). By integrating this platform with the company’s Healthcloud capabilities, healthcare organizations will gain access to predictive and actionable insights, helping them enhance decision-making and patient outcomes.
Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
