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Mastek surges on partnering with Restek Corporation Mastek is currently trading at Rs. 2517.20, up by 35.70 points or 1.44% from its previous closing of Rs. 2481.50 on the BSE. The scrip opened at Rs. 2485.00 and has touched a high and low of Rs. 2524.50 and Rs. 2485.00 respectively. So far 3259 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2,524.50 on 7-Sep-2023 and a 52 week low of Rs. 1475.45 on 29-Mar-2023. Last one week high and low of the scrip stood at R...
Mastek surges on partnering with Restek Corporation
Mastek surges on partnering with Restek Corporation
Source: Accord Fintech
7/09/2023 11:14:01 AM
Mastek surges after its arm completes acquisition of 100% membership interest in BizAnalytica LLC Mastek is currently trading at Rs. 2100.80, up by 22.75 points or 1.09% from its previous closing of Rs. 2078.05 on the BSE. The scrip opened at Rs. 2075.05 and has touched a high and low of Rs. 2108.20 and Rs. 2060.00 respectively. So far 3203 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2254.40 on 19-Jul-2023 and a 52 week low of Rs. 1475.45 on 29-Mar-2023. Last one week high and low of the scrip stood at R...
Mastek surges after its arm completes acquisition of 100% membership interest in BizAnalytica LLC
Mastek surges after its arm completes acquisition of 100% membership interest in BizAnalytica LLC
Source: Accord Fintech
18/08/2023 3:29:05 PM
Mastek trades higher on getting nod to sign definitive agreement with BizAnalytica Solutions Mastek is currently trading at Rs. 2210.00, up by 39.10 points or 1.80% from its previous closing of Rs. 2170.90 on the BSE. The scrip opened at Rs. 2185.10 and has touched a high and low of Rs. 2222.40 and Rs. 2148.75 respectively. So far 13142 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2254.40 on 19-Jul-2023 and a 52 week low of Rs. 1475.45 on 29-Mar-2023. Last one week high and low of the scrip stood at ...
Mastek trades higher on getting nod to sign definitive agreement with BizAnalytica Solutions
Mastek trades higher on getting nod to sign definitive agreement with BizAnalytica Solutions
Source: Accord Fintech
20/07/2023 11:00:53 AM
Mastek soars on entering into new business partnership with Dulsco Mastek is currently trading at Rs. 1680.20, up by 17.05 points or 1.03% from its previous closing of Rs. 1663.15 on the BSE. The scrip opened at Rs. 1661.80 and has touched a high and low of Rs. 1700.20 and Rs. 1620.00 respectively. So far 6193 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 R...
Mastek soars on entering into new business partnership with Dulsco
Mastek soars on entering into new business partnership with Dulsco
Source: Accord Fintech
14/03/2023 1:30:03 PM
Mastek moves up on entering into strategic partnership with Netail Mastek is currently trading at Rs. 1668.20, up by 31.80 points or 1.94% from its previous closing of Rs. 1636.40 on the BSE. The scrip opened at Rs. 1661.95 and has touched a high and low of Rs. 1693.35 and Rs. 1618.55 respectively. So far 4951 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 R...
Mastek moves up on entering into strategic partnership with Netail
Mastek moves up on entering into strategic partnership with Netail
Source: Accord Fintech
28/02/2023 11:11:01 AM
Buy Mastek Ltd For Target Rs.1520 - ICICI Direct Business in core markets continues to face headwinds About the stock: Mastek Ltd (Mastek) offers data, apps, cloud services to public & private enterprise in the UK, US, Middle East, Asia Pacific and India. * The company’s recent acquisition of Evosys has enabled Mastek to provide end-to-end solutions and improves margins from ~14% to 21% * Net debt free and healthy double digit return ratio (with RoCE of 20%) Q3FY23 Results: Reported weak organic growth in Q3. *...
Buy Mastek Ltd For Target Rs.1520 - ICICI Direct
Buy Mastek Ltd For Target Rs.1520 - ICICI Direct
Source: ICICI Direct Ltd
19/01/2023 2:14:41 PM
Buy Mastek For Target Rs.2,180 - Anand Rathi Shares and Stock Brokers Weak Q3 but order backlog reflects increasing momentum; Buy Mastek’s Q3 was weaker than expected on dollar organic growth (down 1.7% q/q, 4.8% y/y) but the order backlog was a strong $206m, reflecting good deals won in Q3. Meta Soft was fully integrated in Q3, and is likely to boost US growth in FY24 (lower organically in Q3). Overall, Mastek should return to growth in Q4 and cross-currency along with greater utilisation would help it regain margin momentum. We retain our FY24e/FY25e...
Buy Mastek For Target Rs.2,180 - Anand Rathi Shares and Stock Brokers
Buy Mastek For Target Rs.2,180 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
18/01/2023 12:45:51 PM
Buy Mastek For Target Rs.2,280 - Anand Rathi Shares and Stock Brokers Less dependence on UK, currency headwinds abating: retaining a Buy Mastek’s Q2 was weak as it continued to face challenges in UK Healthcare, US Retail and Manufacturing & Tech, some further accentuated by crosscurrency. However, the company is now stabilizing with drags in healthcare behind, Metasoftech fully integrated from Q3, raising the US contribution to ~27%, and cross-currency turning supportive. While Q3 would be stable, growth is likely to improve from Q4. With annual in...
Buy Mastek For Target Rs.2,280 - Anand Rathi Shares and Stock Brokers
Buy Mastek For Target Rs.2,280 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd.
23/12/2022 10:08:23 AM
Mastek surges on making strategic investment in VolteoEdge 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 R...
Mastek surges on making strategic investment in VolteoEdge
Mastek surges on making strategic investment in VolteoEdge
Source: Accord Fintech
19/12/2022 11:39:37 AM
Mastek inches up on inking pact with The Alternative Parcels Company 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...
Mastek inches up on inking pact with The Alternative Parcels Company
Mastek inches up on inking pact with The Alternative Parcels Company
Source: Accord Fintech
7/12/2022 11:36:54 AM
Mastek moves up on acquiring 100% stake in Meta Soft Tech Systems Mastek is currently trading at Rs. 2110.50, up by 15.75 points or 0.75% from its previous closing of Rs. 2094.75 on the BSE. The scrip opened at Rs. 2110.00 and has touched a high and low of Rs. 2133.45 and Rs. 2090.60 respectively. So far 1558 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3666.00 on 19-Oct-2021 and a 52 week low of Rs. 1851.00 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Mastek moves up on acquiring 100% stake in Meta Soft Tech Systems
Mastek moves up on acquiring 100% stake in Meta Soft Tech Systems
Source: Accord Fintech
4/08/2022 10:06:29 AM
Buy Mastek Ltd For Target Rs.2,710 - Anand Rathi Share and Stock Brokers Streams of headwinds in the quarter, but profitability maintained: Buy On cross-currency headwinds and the ramp-down in a key UK government healthcare account, Mastek’s Q1 was weak. For the last three quarters, its US revenue was flattish, reflecting slower deal wins/execution. Management aims at acceleration in both regions by H2. The order backlog was a healthy $191m, up 21% y/y. In FY23, ~18-20% EBITDA margins would be maintained, primarily via better utilisation. We lower our org...
Buy Mastek Ltd For Target Rs.2,710 - Anand Rathi Share and Stock Brokers
Buy Mastek Ltd For Target Rs.2,710 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
22/07/2022 1:45:09 PM
Mastek jumps on getting nod to acquire 100% stake in Meta Soft Tech Systems Mastek is currently trading at Rs. 2043.40, up by 36.75 points or 1.83% from its previous closing of Rs. 2006.65 on the BSE. The scrip opened at Rs. 2050.00 and has touched a high and low of Rs. 2089.70 and Rs. 2027.15 respectively. So far 2209 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3666.00 on 19-Oct-2021 and a 52 week low of Rs. 1851.00 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Mastek jumps on getting nod to acquire 100% stake in Meta Soft Tech Systems
Mastek jumps on getting nod to acquire 100% stake in Meta Soft Tech Systems
Source: Accord Fintech
20/07/2022 12:10:26 PM
Mastek shines as its arm gets nod to acquire entire Membership Interest in Metasoftech Solutions Mastek is currently trading at Rs. 2010.05, up by 42.65 points or 2.17% from its previous closing of Rs. 1967.40 on the BSE. The scrip opened at Rs. 1984.40 and has touched a high and low of Rs. 2021.55 and Rs. 1977.15 respectively. So far 1423 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3666.00 on 19-Oct-2021 and a 52 week low of Rs. 1851.00 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Mastek shines as its arm gets nod to acquire entire Membership Interest in Metasoftech Solutions
Mastek shines as its arm gets nod to acquire entire Membership Interest in Metasoftech Solutions
Source: Accord Fintech
19/07/2022 10:01:45 AM
Mastek achieves UiPath Services Network status Mastek has achieved the highest level of UiPath technical accreditation by receiving UiPath Services Network (USN) certification. In achieving UiPath USN status, Mastek has proven expertise and advanced delivery skills required to build and scale end-to-end automation for their clients. The UiPath Services Network Program provides a framework offering partner differentiation, resources, training, and certifications to ensure mutual customer success. UiPath USN status allows Mastek to gain ...
Mastek achieves UiPath Services Network status
Mastek achieves UiPath Services Network status
Source: Accord Fintech
12/07/2022 11:29:47 AM
Mastek zooms on partnering with Netskope to accelerate Cloud Security Transformation Journey Mastek is currently trading at Rs. 2149.60, up by 74.10 points or 3.57% from its previous closing of Rs. 2075.50 on the BSE. The scrip opened at Rs. 2092.70 and has touched a high and low of Rs. 2160.00 and Rs. 2067.20 respectively. So far 2513 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3666.00 on 19-Oct-2021 and a 52 week low of Rs. 1851.00 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
Mastek zooms on partnering with Netskope to accelerate Cloud Security Transformation Journey
Mastek zooms on partnering with Netskope to accelerate Cloud Security Transformation Journey
Source: Accord Fintech
30/06/2022 2:44:44 PM
Buy Mastek Ltd For Target Rs.3,530 - HDFC Securities Deal wins boost confidence Mastek reported a strong quarter with revenue and margin both coming in line. The order book improved 25.4% YoY, boosted by a USD 65mn+ win from the UK government (Home Office), following a USD 60mn NHS deal in Q3FY22. The management is aiming to reach USD 1bn revenue in the next five years, implying an organic revenue CAGR of >20%. Mastek expects to achieve this growth, based on (1) continued traction in the UK government business (~10% wallet share); (2) clo...
Buy Mastek Ltd For Target Rs.3,530 - HDFC Securities
Buy Mastek Ltd For Target Rs.3,530 - HDFC Securities
Source: HDFC Securities Ltd
27/04/2022 11:00:19 AM
Hold Mastek Ltd For Target Rs.3100 - ICICI Direct Aspiring to reach US$1 bn revenue in second half of decade About the company: Mastek Ltd (Mastek) offers data, apps, cloud services to public & private enterprises in the UK, US, Middle East, Asia Pacific and India The company’s recent acquisition of Evosys has enabled Mastek to provide end-to-end solutions and improve margins from ~14% to 21% Net debt free and healthy double digit return ratio (with RoCE of 20%) Event: We attended the Analyst Day of Mastek with key t...
Hold Mastek Ltd For Target Rs.3100 - ICICI Direct
Hold Mastek Ltd For Target Rs.3100 - ICICI Direct
Source: ICICI Direct
26/04/2022 12:30:38 PM
Mastek shines on reporting 17% rise in Q4 consolidated net profit Mastek is currently trading at Rs. 2950.15, up by 122.75 points or 4.34% from its previous closing of Rs. 2827.40 on the BSE. The scrip opened at Rs. 2835.00 and has touched a high and low of Rs. 2957.00 and Rs. 2835.00 respectively. So far 8332 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3666.00 on 19-Oct-2021 and a 52 week low of Rs. 1363.50 on 23-Apr-2021. Last one week high and low of the scrip stood at ...
Mastek shines on reporting 17% rise in Q4 consolidated net profit
Mastek shines on reporting 17% rise in Q4 consolidated net profit
Source: Accord Fintech
22/04/2022 12:04:26 PM
Mastek Q4 Result Announcement FY22 FY22 Revenue at Rs 2,184 crores; up by 26.8% Y-o-Y * FY22 PAT at Rs 333.4 crores; up by 32.4% Y-o-Y basis * 12 months order backlog grew by 30.0% Y-o-Y * Recommends Final Dividend of 240% Mastek, a Turnkey & Trusted Digital Engineering & Cloud Transformation Partner, announced today its financial results for the Fourth quarter and Full year of FY22 ended on 31st March 2022 Commenting on the FY22 results, Hiral Chandrana, Global Chief Executive Officer, Mastek, said: “...
Mastek Q4 Result Announcement FY22
Mastek Q4 Result Announcement FY22
Source: PR Agency
21/04/2022 10:29:57 AM
Buy Mastek Ltd For Target Rs.3360 - ICICI Direct Deal wins to drive momentum About the stock: Mastek Ltd (Mastek) offers data, apps, cloud services to public & private enterprise in the UK, US, Middle East, Asia Pacific and India * The company’s recent acquisition of Evosys has enabled Mastek to provide end-to-end solutions and improves margins from ~14% to 21% * Net debt free and healthy double digit return ratio (with RoCE of 20%)   Q3FY22 Results: Mastek reported muted Q3FY22 results. * Dollar revenues in...
Buy Mastek Ltd For Target Rs.3360 - ICICI Direct
Buy Mastek Ltd For Target Rs.3360 - ICICI Direct
Source: ICICI Direct
24/01/2022 11:02:18 AM
Mastek jumps on reporting 71% rise in Q1 consolidated net profit Mastek is currently trading at Rs. 2513.60, up by 20.80 points or 0.83% from its previous closing of Rs. 2492.80 on the BSE. The scrip opened at Rs. 2555.00 and has touched a high and low of Rs. 2600.00 and Rs. 2483.20 respectively. So far 37431 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2600.00 on 20-Jul-2021 and a 52 week low of Rs. 413.25 on 20-Jul-2020. Last one week high and low of the scrip stood at R...
Mastek jumps on reporting 71% rise in Q1 consolidated net profit
Mastek jumps on reporting 71% rise in Q1 consolidated net profit
Source: Accord Fintech
20/07/2021 12:06:12 PM
MTF Stock Pick Buy Mastek Ltd For Target Rs. 2600 - HDFC Securities MTF Stock Pick  Buy Mastek Ltd  For Target Rs. 2600 - HDFC Securities  TECHNICAL OBSERVATIONS Stock price has broken out on the daily chart with higher volumes. Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA Oscillators like RSI and MFI is showing strength in the current uptrend Plus, DI is trading above -DI while ADX line is placed above 25 Indicating momentum in the current uptrend Considering the T...
MTF Stock Pick Buy Mastek Ltd For Target Rs. 2600 - HDFC Securities
MTF Stock Pick Buy Mastek Ltd For Target Rs. 2600 - HDFC Securities
Source: HDFC Securities Ltd
16/06/2021 2:50:10 PM
Buy Mastek Ltd For Target Rs. 1900 - ICICI Direct Robust revenue growth… Mastek’s dollar revenues increased 7.5% QoQ (in CC terms) and by 9.7% QoQ (in reported terms) to US$65.9 million. The increase in revenues was led by Evosys acquisition and strong growth in UK government business. EBIT margin declined 100 bps QoQ to 19.8% mainly due to wage hike and investment in leadership & sales. Mastek’s 12-month order book rose 19.3% QoQ to US$154.6 million. Mastek has declared a dividend of | 9/share.   Healthy...
Buy Mastek Ltd For Target Rs. 1900 - ICICI Direct
Buy Mastek Ltd For Target Rs. 1900 - ICICI Direct
Source: ICICI Direct
10/05/2021 11:40:01 AM
Momentum Pick - Buy Mastek Ltd For Target Rs. 1475 - HDFC Securities Momentum Pick - Buy Mastek Ltd For Target Rs. 1475- HDFC Securities  Stock price has broken out on the Daily chart with relatively higher volumes. Oscillators like MFI & RSI is showing strength in the current uptrend of the stock Short term trend of the stock has turned positive where stock price closed above its 5- and 20-day SMA. Primary trend of stock is positive where stock is trading above its 200 day SMA Buy Mastek Ltd Up to 10 days @ Buy betwe...
Momentum Pick - Buy Mastek Ltd For Target Rs. 1475 - HDFC Securities
Momentum Pick - Buy Mastek Ltd For Target Rs. 1475 - HDFC Securities
Source: HDFC Securities Ltd
20/04/2021 2:40:06 PM
Momentum Pick - Buy Mastek Ltd For Target Rs. 1370 - HDFC Securities Momentum Pick - Buy Mastek Ltd For Target Rs. 1370 - HDFC Securities  TECHNICAL OBSERVATIONS * Stock price has broken out on the Daily chart with relatively higher volumes. * Oscillators like MFI & RSI is showing strength in the current uptrend of the stock * Short term trend of the stock has turned positive where stock price closed above its 5- and 20-day SMA. * Primary trend of stock is positive where stock is trading above its 200 day SMA Buy Mastek...
Momentum Pick - Buy Mastek Ltd For Target Rs. 1370 - HDFC Securities
Momentum Pick - Buy Mastek Ltd For Target Rs. 1370 - HDFC Securities
Source: HDFC Securities Ltd
1/04/2021 12:32:51 PM
Momentum Pick - Buy Mastek Ltd For Target Rs. 1295 - HDFC Securities Momentum Pick - Buy Mastek Ltd For Target Rs. 1295 - HDFC Securities  * Stock price has broken out on the Daily chart with relatively higher volumes. * Oscillators like MFI & RSI is showing strength in the current uptrend of the stock * Short term trend of the stock has turned positive where stock price closed above its 5- and 20-day SMA. * Primary trend of stock is positive where stock is trading above its 200 day SMA Buy Mastek Ltd @ 1206.45 C...
Momentum Pick - Buy Mastek Ltd For Target Rs. 1295 - HDFC Securities
Momentum Pick - Buy Mastek Ltd For Target Rs. 1295 - HDFC Securities
Source: HDFC Securities Ltd
16/03/2021 12:42:37 PM
Update On Mastek Ltd By HDFC Securities Our Take: Mastek Ltd’s 12 month order backlog was Rs 946.7 crore ($129.6m) as on 31 st December, 2020 as compared to Rs 940.5 crore (US$ 127.5 mn) in Q2FY21, reflecting a growth of 0.7% in rupee terms. The Company added 57 new clients in Q3FY21. Total client count as of 31 st December, 2020 was 618 (LTM) as compared to 542 (LTM) in Q2FY21. Mastek is expecting strong growth from multi-year deals led by integration of Evosys and its capability to offer end to end solution. On Oct-2020,...
Update On Mastek Ltd By HDFC Securities
Update On Mastek Ltd By HDFC Securities
Source: HDFC Securities Ltd
24/02/2021 11:55:28 AM