Mastek is currently trading at Rs. 348.05, up by 23.25 points or 7.16% from its previous closing of Rs. 324.80 on the BSE.
The scrip opened at Rs. 347.90 and has touched a high and low of Rs. 363.20 and Rs. 342.90 respectively. So far 571449 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 363.20 on 16-Dec-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. 324.80 and Rs. 251.45 respectively. The current market cap of the company is Rs. 792.25 crore.
The promoters holding in the company stood at 51.61% while Institutions and Non-Institutions held 21.38% and 27.01% respectively.
Sundaram BNP Paribas Simple Fund has bought nearly 200,000 shares of Mastek through open market. The fund house has bought 197,747 shares of the company at Rs 309.98 on the NSE.
Recently, Majesco (formerly known as Majesco Mastek) the Insurance arm and a wholly owned subsidiary of Mastek, has entered into a definitive merger agreement with Cover-All Technologies, an insurance software company based in Morristown, NJ, in a 100% stock-for-stock transaction, pursuant to which Cover-All’s stockholders and the holders of its options and restricted stock units, in the aggregate, will, upon the closing of the merger, receive 16.5% of the outstanding shares of common stock of the combined company, on a fully diluted basis. The combined entity will retain the ‘Majesco’ brand globally.
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.
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