Mastek Ltd.

Mastek is currently trading at Rs. 432.00, up by 9.70 points or 2.30% from its previous closing of Rs. 422.30 on the BSE.

The scrip opened at Rs. 412.85 and has touched a high and low of Rs. 438.60 and Rs. 412.00 respectively. So far 13692 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 508.50 on 27-May-2019 and a 52 week low of Rs. 295.00 on 17-Oct-2019.

Last one week high and low of the scrip stood at Rs. 438.60 and Rs. 408.05 respectively. The current market cap of the company is Rs. 1013.81 crore.

The promoters holding in the company stood at 45.61%, while Institutions and Non-Institutions held 18.09% and 36.30% respectively.

Mastek’s material wholly owned subsidiary -- Mastek (UK) has sold its partial holding of 8,24,500 shares in Majesco, USA for cash consideration of $ 6.49 million, in the open market on NASDAQ on January 7, 2020. This will help the company to drive its growth strategy.

After the completion of the aforesaid partial stock sale, stake of the company in Majesco (USA) will stand reduced to 22,20,375 shares from existing 30,44,875 shares.

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