Mastek share price has zoomed 4% and is presently trading at Rs 3,077.2.
Meanwhile, the BSE IT index is at 42,528.9 (up 0.3%).
Among the top gainers in the BSE IT index today are L&T TECHNOLOGY SERVICES (up 3.5%) and Tata Elxsi (up 1.4%).
CYIENT (down 1.9%) and ZENSAR TECHNOLOGIES (down 1.9%) are among the top losers today.
Over the last one year, Mastek has moved up from Rs 2,249.1 to Rs 3,077.2, registering a gain of Rs 828.1 (up 36.8%).
On the other hand, the BSE IT index has moved up from 31,561.2 to 42,528.9, registering a gain of 34.8% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.9%), Firstsource Solutions (up 126.6%) and PERSISTENT SYSTEMS (up 82.2%).
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The BSE Sensex is at 78,908.1 (down 0.7%).
The top losers among the BSE Sensex today are HDFC Bank (down 2.6%) and Asian Paints (down 2.5%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.
In the meantime, NSE Nifty is at 23,947.3 (down 0.8%). HDFC Bank and Asian Paints are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,975.6 to 78,908.1, registering a gain of 13,932.5 points (up 21.4%).
Mastek net profit grew 97.0% YoY to Rs 1,287 million for the quarter ended September 2024, compared to a profit of Rs 653 million a year ago. Net sales rose 13.3% to Rs 8,674 million during the period as against Rs 7,655 million in July-September 2023.
For the year ended March 2024, Mastek reported 0.2% increase in net profit to Rs 3,110 million compared to net profit of Rs 3,103 million during FY23. Revenue of the company grew 19.2% to Rs 30,548 million during FY24.
The current Price to earnings ratio of Mastek, based on rolling 12 month earnings, stands at 25.5.
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