Mastek Ltd. News and Updates

Name: Latest research reports of Mastek Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: Mastek Ltd.
Rating: 5
Author: Sharekhan

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Mastek Ltd.

17 Dec 2024

2196.20

-0.90%

Mastek Gets Target Price Upgrade From HDFC Securities On Multiple Growth Triggers; Maintains 'Add'

NDTV Profit

Mastek organic growth is set to recover to double digits, followed by an expansion in margins to the high teens, says HDFC Securities.

Mastek Ltd. is trading below all available SMAs

Mastek Ltd.

11 Nov 2024

2196.20

-0.90%

Mastek ranks in ISG's Top 15 Global Tech Services Providers for Q3 2024

Business Line

The achievement comes as Mastek expands its AI capabilities, recently launching iConnix, a GenAI portfolio featuring over 120 AI assets and 4 AI platforms

Sharekhan released a Buy report for Mastek Ltd. with a price target of 3030.0 on 21 Apr, 2025.

Mastek Ltd.

21 Oct 2024

2196.20

-0.90%

Mastek teams up with Innovaccer to boost healthcare AI solutions, shares plummet 5%

Business Line

This collaboration will merge Mastek's digital engineering expertise with Innovaccer's AI-powered Health Experience Platform, allowing healthcare organizations to gain predictive insights from diverse data sources

Sharekhan released a Buy report for Mastek Ltd. with a price target of 3030.0 on 21 Apr, 2025.

Mastek Ltd.

18 Oct 2024

2196.20

-0.90%

Mastek Results Earnings Call for Q2FY25

Conference Call with Mastek Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.

Mastek Ltd.

18 Oct 2024

2196.20

-0.90%

to see Rapid results content

Mastek Ltd.

18 Oct 2024

2196.20

-0.90%

Solid Q2; Maintain Buy

Buy: Mastek Ltd.

Target

Sharekhan

Reported revenues stood at $103.6 million, up 4.7% q-o-q/10.2% y-o-y in constant currency (CC) terms, beating our estimates of $101.5 million.

Sharekhan released a Buy report for Mastek Ltd. with a price target of 3030.0 on 21 Apr, 2025.

Mastek Ltd.

15 Oct 2024

2196.20

-0.90%

US-based Capital group divests 1.7% stake worth Rs 148 cr in IT firm Mastek

Business Standard

Financial services company Capital Group on Tuesday divested a 1.7 per cent stake in IT firm Mastek for over Rs 148 crore through an open market transaction. According to the bulk deal data available on the BSE, US-based Capital group through its arm SmallCap World Fund Inc offloaded 5.30 lakh shares, amounting to a 1.7 per cent stake in Mastek. The shares were sold at an average price of Rs 2,801.68 apiece, taking the deal value to Rs 148.49 crore. After the share sale, Capital group's holding in Mastek has come down to 6.24 per cent from 7.94 per cent. Meanwhile, Aalidhra Textool Engineers bought 2 lakh shares of the company at an average price of Rs 2,800.81 per piece. This took the deal value to Rs 56.01 crore. Details of the other buyers of Mastek's shares could not be ascertained. Shares of Mastek rose 4.65 per cent to close at Rs 2,904.25 apiece on the BSE.

Sharekhan released a Buy report for Mastek Ltd. with a price target of 3030.0 on 21 Apr, 2025.

Mastek Ltd.

09 Sep 2024

2196.20

-0.90%

SMALLCAP World Fund Sells 5.9% Stake In Mastek

NDTV Profit

The total diluted share and voting capital of Mastek now stands at 30,851,891 shares.

Mastek Ltd. has an average target of 3030.00 from 1 broker.

Mastek Ltd.

04 Sep 2024

2196.20

-0.90%

Capital Group's arm sells 5% stake in IT firm Mastek for Rs 475 crore

Business Standard

Financial services company Capital Group on Wednesday sold a 5.6 per cent stake in Mastek for over Rs 475 crore through open market transactions while ICICI Prudential Mutual Fund picked up a stake in the IT services company. Los Angeles-headquartered Capital Group through its affiliate EuroPacific Growth Fund offloaded 17,19,117 shares, amounting to a 5.6 per cent stake in Mastek Ltd, as per the bulk deal data available on the BSE. The shares were disposed of at an average price of Rs 2,766.36 apiece, taking the transaction value to Rs 475.57 crore. Patronus Tradetech also sold 217 shares of Mastek at Rs 2,845.23 per piece. ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP acquired a total of 12.34 lakh shares of Mastek in the price range varying from Rs 2,751-2,767.51 apiece, taking the combined transaction value to Rs 340.40 crore. Details of the buyers of Mastek's shares could not be identified. Shares of Mastek declined 4.67 per cent to end at