Mastek rises on securing contracts from UK Public Service Department
Mastek is currently trading at Rs. 2389.90, up by 41.20 points or 1.75% from its previous closing of Rs. 2348.70 on the BSE.
The scrip opened at Rs. 2408.55 and has touched a high and low of Rs. 2451.50 and Rs. 2376.00 respectively. So far 1056 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3375.00 on 04-Dec-2024 and a 52 week low of Rs. 2137.25 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 2564.35 and Rs. 2295.00 respectively. The current market cap of the company is Rs. 7558.45 crore.
The promoters holding in the company stood at 36.22%, while Institutions and Non-Institutions held 18.66% and 45.11% respectively.
Mastek has secured multiple contracts with an estimated value of $85 million from a UK public service department, spread over a period of 2 years. The contracts are an extension and expansion of the ongoing collaborations that support the transformation of the department’s Digital, Data, and Technology services, aligned to its strategic priorities.
Mastek has a strong track record of driving digital transformations and delivering data-driven impact to citizens in the UK public service domain. With deep expertise in GovTech, Mastek enables government departments with greater autonomy, efficiency, and resilience. Through continued investment in the UK’s Critical National Important Services, Mastek plays a vital role in supporting essential services, including case management, data integration and management, in citizen services on secure AWS cloud infrastructure.
Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
