๐ Mastek Share Price Soars in Trading Session
In yesterday’s trading session, Mastek company’s shares were trading in an upper circuit of over 20%. However, today the stock is showing strong profitability. In February 2024, the company’s shares touched a 52-week high of โน3,147. On April 19, 2023, the company’s shares were trading at their lowest price level of โน1,561.05.
๐ Mastek Share Performance Over the Years
In 2001, the company’s shares were trading at โน40. Mastek company’s shares were trading at โน2,749.50 with a 1.60% decrease on Friday, April 19, 2024. Over the past 23 years, the company’s shares have earned their investors over 4,000% in profits.
๐ Mastek Recognized as Supplier for UK Ministry of Defence
Mastek was recently named as a supplier for Digital IT Professional Services by the UK Ministry of Defence. According to Mastek, the company has been nominated in Lot-1 solutions, enterprise and tech architecture, data innovation, tech assurance, and knowledge and information management in the Digital IT Professional Services framework.
๐ค Mastek’s Stakeholders and Business Expansion
The founders of Mastek hold a 36.26% stake in the company, while public sector investors hold 63.74% stake. Mastek has been a trusted supplier in the defence sector since 2017. The DIIPS framework provides a significant opportunity for capacity building in the defence sector.
Over the past six months, the company’s shares have returned 17% to investors. However, on a year-to-date basis, the company’s shares have seen a decline.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.