Mastek Gains 7%; BSE IT Index Up 0.7%
Tue, 18 Mar 9:57
Image source: phive2015/www.istockphoto.comMastek share price has zoomed 7% and is presently trading at Rs 2,250.8.
Meanwhile, the BSE IT index is at 35,686.7 (up 0.7%).
Among the top gainers in the BSE IT index today are L&T TECHNOLOGY SERVICES (up 3.7%) and INDIAMART INTERMESH (up 3.3%).
KPIT TECHNOLOGIES (down 1.2%) is among the top losers today.
Over the last one year, Mastek has moved down from Rs 2,618.4 to Rs 2,250.8, registering a loss of Rs 367.7 (down 14.0%).
On the other hand, the BSE IT index has moved down from 37,304.9 to 35,686.7, registering a loss of 4.3% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were Sonata Software (down 52.0%), TANLA SOLUTIONS (down 45.9%) and Birlasoft (down 45.1%).
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What About the Benchmark Indices?
The BSE Sensex is at 74,711.3 (up 0.7%).
The top gainers among the BSE Sensex today are ICICI Bank (up 2.5%) and ZOMATO (up 2.0%). The most traded stocks in the BSE Sensex are ZOMATO and Indusind Bank.
In the meantime, NSE Nifty is at 22,681.1 (up 0.8%). ICICI Bank and Hindalco are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 72,761.9 to 74,711.3, registering a gain of 1,949.4 points (up 2.7%).
Mastek Financial Update...
Mastek net profit grew 21.8% YoY to Rs 947 million for the quarter ended December 2024, compared to a profit of Rs 777 million a year ago. Net sales rose 10.9% to Rs 8,695 million during the period as against Rs 7,843 million in October-December 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 17.9.
Indian Share Market Update: Top Gainers and Losers
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