Mastek shines as its arm inks major contract with British Telecom
Date: 30-07-2014Mastek is currently trading at Rs. 196.65, up by 1.75 points or 0.90% from its previous closing of Rs. 194.90 on the BSE.
The scrip opened at Rs. 198.00 and has touched a high and low of Rs. 201.00 and Rs. 195.00 respectively. So far 15,000 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 227.90 on 05-Mar-2014 and a 52 week low of Rs. 103.00 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs. 214.40 and Rs. 187.00 respectively. The current market cap of the company is Rs. 437.00 crore.
The promoters holding in the company stood at 51.77% while Institutions and Non-Institutions held 20.79% and 27.44% respectively.
Mastek’s wholly owned subsidiary company in UK - Mastek UK, has signed a major contract with British Telecom (BT), one of the world’s leading providers of communications services and solutions, to support new IT operations and systems for a UK Government agency.
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.