Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  


Mastek Gains 4%; BSE IT Index Up 0.3%
Tue, 12 Nov 14:1

Mastek Gains 4%; BSE IT Index Up 0.3%Image source: Kameleon007 /www.istockphoto.com

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%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

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 Financial Update...

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.


Equitymaster requests your view! Post a comment on "Mastek Gains 4%; BSE IT Index Up 0.3%". Click here!