Mastek Share Price – March 27 of last year. 1 million was invested in mid-cap stocks. rupees would be 16.65 crores today.
Since the beginning of this year, Mastek shares have grown by 148.04 percent, and during the year – by 217.43 percent.
Mastek Share Price
“Masteka doo” shares grew by 1500% in 1.5 years. Shares that in 2020 March 27 closed at Rs 172.35, rose to Rs 2,871 today, up 1,565% on the Bombay Stock Exchange (BSE). March 27 of last year. 1 million was invested in Mastek shares. rupees would be worth 16.65 crores today.
Stocks To Watch Today: Escorts, Mastek, Punjab And Sind Bank, Reliance Industries, Tata Elxsi
Mid-cap stocks touched an intraday high of Rs 2,871 on the BSE today. Stocks rose after three straight days of declines. Mastek stock is trading above the 100-day and 200-day moving averages, but lower than the 5-day, 20-day, and 50-day moving averages.
A total of 5,065 shares of the company changed hands on the BSE for 1.47 million.
The IT sector has grown by 148.04 percent since the beginning of this year, and by 217.43 percent during the year. Websites lost 8.65 percent in a month.
October 19-21 the stock touched a 52-week high of Rs 3,666. But they fell 15% the following quarter after the company reported higher second-quarter profits. It fell after three quarters of earnings when the company’s management said depression was the company’s biggest problem.
Mastek Stock Forecast: Up To 2157.593 Inr!
The software company announced that in 2021 September 30 Consolidated profit for the quarter ended 2021 rose 4% to Rs 72.29 billion from Rs 69.30 billion in the quarter ended 2021. June 30 .
HDFC Securities posted a positive outlook on the stock despite weak second-quarter earnings.
Investors say the share price of Mastek may rise to Rs 3,300 per share from its current market price. The good outlook is based on the expected recovery of the UK public sector and the improving US economy.
HDFC Securities said: “Despite a weak second quarter (albeit in line with forecasts), we remain a buy on Mastek and expect a revival in growth for Mastek based on (1) strong UK government business trends; (2) in the migration and/or transformation agenda. in the cloud that drives growth; (3) the expected recovery of the NHS based on the success of the partnership; and (4) a healthy recovery in US geographies and the UK private sector.
Mastek Stocks: Hold Mastek, Target Price Rs 1880: Icici Direct
“Mastek has closed a large project in Europe, which is expected to grow from the fourth quarter, ensuring financial transparency. The next phase of growth will be determined by the geography of the US; the company is looking for the start of mergers and acquisitions. EBIT margin is maintained, but there will be a headwind for fixed income, significantly there will be a decrease and an increase in new hires,” added HDFC Securities.
At the end of September, investors owned 37.65 percent. of the company’s shares, and public shareholders – 62.25 percent. 89,164 public shareholders owned 1.84 million shares. shares of the company.
Of them, 84,247 shareholders held 20.63%, with a capital of up to 2 thousand. of rupees. Only 28 shareholders with 23.59% of the shares had more than 2 million at the end of September. In the second fiscal quarter, 56 foreign investors (FPIs) held 4.16% or 12.33 million shares.
Since March 27 of last year the company’s stock is outperforming its peers. Shares of Tata Consultancy Services (TCS) rose by 94 percent, while shares of another company, Infosys, rose by 172 percent during the period.
Mastek Shares Rise On Strategic Alliance With Netail
The dramatic growth of Mastek shares is an indicator of the financial situation. In June, the company announced that it would be successful.
Profit after tax (PAT) increased by 14.4% to 69.3 billion. In the June quarter, sales increased by 6.83% to 516.47 million. Rs.483.21 crore as against Rs. rupees in 2021 March.
Also Read: From Rs 350 to Rs 1,233: These multi-bag bags have gone up by over 250% in one year. do you have it
In fact, the software company’s net profit rose from Rs 33.99 crore in 2020. in the March quarter to Rs 72.29 billion in the September quarter of the current fiscal year. Profits rose in a year when the Indian economy and Indian companies were hit hard by the Covid-19 pandemic.
Rs 172 To Rs 2,871: This It Stock Turned Into A Multibagger In Over 1.5 Years
The company’s sales have been steadily growing from 336.66 million. rupees in 2020 March. in the ended quarter to 533.93 million last quarter of Rs.
Compared to 2021 March. in the ended financial year, the company’s net profit increased by 92.31% and reached 209.35 million. rupees compared to 108.86% gain in 2020. March. in the financial year ended.
Sales rose 60% to Rs 1,721.86 crore from Rs 1,071.48 crore in 2020. March.
In 1982 Mastek provides digital business transformation services and software to large public and private companies in the UK, US and India.
Stocks That Will See Action On March 3, 2023
The company’s portfolio includes business and technology services that include IT consulting, software development, system integration, project management, testing, data warehousing and business intelligence, project security, customer relationship management (CRM) and modernization Share price Mastec. : The shares of the IT giant Mastek are on fire today. Have a great 2023 the results of the March quarter and the announced number of dividends encouraged share buying. Meanwhile, the BSE jumped 14 percent to Rs 1,808.20. Due to profit retention, the price has fallen slightly, but is still at 1799.75 HRK and 13.57%. strength. It has a total market capitalization of 5,506.68 million. Rs and is part of the S&P BSE 500.
The company earned 72.6 million. consolidated profit of Rs.2023 in January-March, ie 13.07% more than a quarter ago. At the same time, operating income also jumped 7.7 percent in the quarter. to 709.2 million of rupees. EBITDA margin also increased by 0.40 percent in the same period. up to 17.7 percent The company’s 12-month revenue rose 4.1% from the prior quarter to $218.3 million.
It also added 28 new customers and shed 65 employees, bringing the company to 5,622. The company said its growth in March was driven by strong execution and strong demand for digital technology, experience and cloud transformation services. Despite the scale uncertainty, the company’s piping and systems revenue continued to grow.
Mastek share price: The stock has jumped 14% from its best performance, with a dividend of Rs 12 at the time of writing.
Mastek Share Price: Smallcap It Stock Mastek Jumps Over 12% After Q4 Results
The company’s board has declared a dividend of Rs 12, or 240 per cent, per share of Rs 5 par for the financial year 2023. So far, the company has not specified the date of its recording. However, it turned out that it will be distributed to the shareholders within 30 months from the date of approval by the shareholders at the 41st general meeting of the company.
According to ICICI Securities internal business data, in 2023 The company received strong support from the UK market in the March quarter. In addition, the company’s business was supported by strong deals won and closed related to border security, biometric solutions and more. money helped her in business. As for the American market, it remained weak in the March quarter and no trend is visible. However, in terms of lending, the company has changed leadership in the US region and is expected to recover in FY24. The company is investing in a sales strategy that does not expect the EBITDA margin to change, but in the short term it may reach 19-20 percent.
Shares in Mastec fell to a one-month low last month. Last year, 2022 on April 22, it stood at Rs 2,959.30, the highest in a year. It later fell 50 percent in 11 months to Rs 1,475.45 last month in 2023. on March 29, which is the lowest for the year. After that, the buying trend returned to shares and so far they are up 22 percent. However, it is still 39 percent below its year-to-date high.
Disclaimer: Any advice or opinion given by Moneycontrol.com is that of a professional individual/business. The website or administrators are not responsible for this. Moneycontrol advises users to always seek professional advice before making any financial decisions.
Mastek Share Price: Buy Mastek, Target Rs 657: Hdfc Securities
Jacqueline Fernandez invests in this company, shares will give 25% return to IPO investors – MOS Utility share price Bollywood actress Jacqueline Fernandes bought 1 36 lakhs.
Yes Bank’s Q4 results: Find out what the results were, what investors should do now – Yes Bank’s Q4 results, Yes Bank’s net profit estimates 45
Amazon share price today, time share price, berkshire hathaway share price, exxonmobil share price, lucid motors share price, mastek share price nse, blackrock share price, chevron share price, mastek share price history, robinhood share price, mastek share, share price of mastek