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Mastek rises as its North American arm plans further acquisitions

02 Jan 2015 Evaluate

Mastek is currently trading at Rs. 400.85, up by 1.50 points or 0.38% from its previous closing of Rs. 399.35 on the BSE.

The scrip opened at Rs. 402.00 and has touched a high and low of Rs. 407.70 and Rs. 400.00 respectively. So far 44745 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 424.90 on 24-Dec-2014 and a 52 week low of Rs. 156.00 on 03-Jan-2014.

Last one week high and low of the scrip stood at Rs. 422.60 and Rs. 391.00 respectively. The current market cap of the company is Rs. 900.85 crore.

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

Mastek’s North American subsidiary -- MajescoMastek -- is planning further acquisitions following its listing on the New York Stock Exchange through its buyout of Cover-All Technologies.

The company had earlier this month agreed to buy US-listed Cover-All Technologies in an all-stock deal. In September, Mastek had announced that it would merge its insurance business into Majesco. Mastek also acquired the insurance business of Agile Technologies.

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.

Mastek Share Price

1745.90 61.45 (3.65%)
21-Apr-2026 10:07 View Price Chart
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