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Mastek soars as its arm wins $110 million engineering contract from UK's Home Office

05 Mar 2026 Evaluate

Mastek is currently trading at Rs. 1621.00, up by 56.75 points or 3.63% from its previous closing of Rs. 1564.25 on the BSE.

The scrip opened at Rs. 1564.50 and has touched a high and low of Rs. 1658.30 and Rs. 1556.55 respectively. So far 6598 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2817.75 on 21-Jul-2025 and a 52 week low of Rs. 1545.85 on 04-Mar-2026.

Last one week high and low of the scrip stood at Rs. 1658.30 and Rs. 1545.85 respectively. The current market cap of the company is Rs. 5023.70 crore.

The promoters holding in the company stood at 35.77%, while Institutions and Non-Institutions held 22.91% and 41.31% respectively.

Mastek’s wholly-owned subsidiary -- Mastek (UK) has secured an engineering contract with the Home Office, with an overall budget of circa 85 million pound /over $110 million. Delivering to Migration and Borders Policy, the engagement deploys specialist engineering practices and teams to support, maintain, and enhance the Home Office's flagship ATLAS platform, the core system enabling Visa and Study routes, Asylum Casework, Border Force Operations, and Immigration Enforcement.

The service aims to scale ATLAS, making its common components scalable, resilient and highly available. A combination of high-end engineering techniques and AI-driven engineering accelerators will be applied across human and automated casework and the modernisation of the platform. Mastek expects significant growth in this contract, as the department plans to deliver various complex policies through the Atlas system over the coming few years.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.

Mastek Share Price

1696.95 -53.70 (-3.07%)
24-Apr-2026 16:59 View Price Chart
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