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Mastek surges on getting nod for proposed scheme of amalgamation

05 Dec 2011 Evaluate

Mastek is currently trading at Rs 80.30, up by 2.45 points or 3.15% from its previous closing of Rs 77.85 on the BSE.

The scrip opened at Rs 81.00 and has touched a high and low of Rs 82.50 and Rs 80.00 respectively. So far 7272 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 210.00 on 03-Dec-2010 and a 52 week low of Rs 73.00 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs 84.00 and Rs 75.05 respectively. The current market cap of the company is Rs 210.01 crore.

The promoters holding in the company stood at 42.65% while Institutions and Non-Institutions held 31.99% and 25.36% respectively.

Mastek has received an approval from the High Court of Bombay on December 2, 2011 for its proposed scheme of amalgamation of Keystone Solutions with Mastek and their respective shareholders and creditors.

The company reported a net loss of Rs 25.08 crore for the quarter as compared to a net loss of Rs 14.77 crore for the quarter ended September 30, 2010. Its total income has increased by 9.80% to Rs 98.56 crore for the quarter under review from Rs 89.76 crore for the similar quarter of the previous year.

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. The company has a formidable track record in these sectors as well as intellectual property and reusable frameworks.

Mastek Share Price

1757.80 -8.45 (-0.48%)
22-Apr-2026 10:27 View Price Chart
Peers
Company Name CMP
TCS 2564.00
Infosys 1264.00
HCL Tech. 1304.30
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Tech Mahindra 1438.85
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