Thursday, August 28, 2008

Mastek hardens on large block deal

Mastek rose 0.71% to Rs 360 at 14:42 IST on BSE after about 12.88 lakh shares or 4.8% of the company’s equity changed hands in a block deal on BSE at Rs 361 each.
The stock hit a high of Rs 366 and a low of Rs 358.25 so far during the day. The stock had hit a 52-week high of Rs 419 on 12 October 2007 and a 52-week low of Rs 220 on 12 February 2008.
The company has an equity capital of Rs 13.81 crore. Face value per share is Rs 5.
The current price of Rs 360 discounts its Q4 June 2008 annualised EPS of Rs 46.61, by a PE multiple of 7.72.
In April 2008, Mastek in partnership with Thales, Fujitsu Services and Flyware won a 27-million-pound contract from the UK defence ministry.
Mastek’s net profit fell 1.56% to Rs 31.53 crore on 7.97% increase in net sales to Rs 158.82 crore in Q4 June 2008 over Q3 March 2008.
Mastek is an information technology (IT) player with global operations providing enterprise solutions to insurance, government, and financial services organizations worldwide.

No comments: