Mastek surges after contract from UK-based Unum

05 Dec 2014

Mastek is currently trading at Rs. 277.00, up by 9.75 points or 3.65 % from its previous closing of Rs. 267.25 on the BSE.

The scrip opened at Rs. 277.10 and has touched a high and low of Rs. 282.00 and Rs. 275.00 respectively. So far 68183 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 337.00 on 18-Sep-2014 and a 52 week low of Rs. 134.00 on 17-Dec-2013.

Last one week high and low of the scrip stood at Rs. 283.70 and Rs. 260.50 respectively. The current market cap of the company is Rs. 620.48 crore.

The promoters holding in the company stood at 51.61 % while Institutions and Non-Institutions held 21.38 % and 27.01 % respectively.

Unum, one of the UK's leading providers of financial protection has selected Mastek's Elixir platform as the core administration platform for their Group Protection business in the UK. Unum will implement Elixir across its Group Protection business in order to create and adapt products more quickly.

Mastek is a high-end provider of vertically-focused enterprise technology solutions and platforms that unleash the optimum potential of its clients' business. Its vertical focus includes insurance (Life, Pensions and General), Government/Public Sector, and Financial Services sectors.

Related Mastek Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323