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Mastek surges as its arm inks pact with Maryland Automobile Insurance Fund

14 Mar 2013 Evaluate

Mastek is currently trading at Rs. 133.25, up by 3.70 points or 2.86% from its previous closing of Rs. 129.55 on the BSE.

The scrip opened at Rs. 134.25 and has touched a high and low of Rs. 135.25 and Rs. 132.00 respectively. So far 4,042 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 185.10 on 17-Aug-2012 and a 52 week low of Rs. 88.00 on 23-May-2012.

Last one week high and low of the scrip stood at Rs. 142.60 and Rs. 128.05 respectively. The current market cap of the company is Rs. 360 crore.

The promoters holding in the company stood at 46.70% while Institutions and Non-Institutions held 24.70% and 28.59% respectively.

Majescomastek, subsidiary of Mastek, has signed an agreement with the Maryland Automobile Insurance Fund’ (MAIF), an independent agency of the State of Maryland providing automobile liability insurance for Maryland residents, for implementation of STG’s Policy Administration and STG’s Billing solutions for its legacy replacement and core processing modernization.

In addition to the policy administration and billing solutions, MajescoMastek's STG Insurance Content Designer (lCD) and STG Insurance Content Manager (ICM) will empower MAIF's business and IT users to manage content, including business rules, rates and forms. The content would be accessed through a modern architecture built on open standards, offering an intuitive, web-based user experience, along with built-in industry best practices.

Mastek Share Price

1771.95 87.50 (5.19%)
21-Apr-2026 16:01 View Price Chart
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