Mastek

Stocks to watch today: From SpiceJet to Bharti Airtel, here are top stocks to watch in Tuesday's trading session

Smallcap World Fund Inc on Monday purchased 5.54 lakh shares of IT company Mastek Ltd for Rs 117 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund Inc bought 5,54,883 shares of the company. The shares were acquired at an average price of Rs 2,109.96 apiece, valuing the transaction size at Rs 117.07 crore. Meanwhile, Ashish Kacholia sold 5.50 lakh shares of Mastek for Rs 2,110 per scrip. Shares of Mastek closed 3.55 per cent higher at Rs 2,175.50 on NSE. In a separate transaction, ace investor Ashish Kacholia bought 3.72 lakh shares of petrochemical company Agarwal Industrial Corporation Ltd for Rs 19 crore through an open market transaction. Kacholia acquired 3,72,128 shares of the company at an average price of Rs 505 apiece, showed the bulk deal data available with the NSE. This took the transaction value to Rs 18.79 crore. Shares of Agarwal Industrial Corporation closed 15.13 per ce

Stocks to Watch Today: CRISIL, GSFC, Hindustan Zinc, JSW Energy, Mphasis, PVR, RBL Bank and SRF to announce Q1 results on Thursday.

Stocks to watch today: Shares of brokerage firms Angel One and ICICI Securities are also likely to be in focus ahead of the corporate earnings on Wednesday.

Market wrap: Sensex falls for a 3rd day, sheds 634 pts; Nifty holds 17,750

PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2

Market wrap: Sensex falls for a 3rd day, sheds 634 pts; Nifty holds 17,750

PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2

Despite a 25% correction from its 52-week high level, Mastek has outperformed the market in the past one year by surging 147 per cent, as against a 20 per cent rise in the Sensex.

Asian Paints, Bajaj Finserv, Bajaj Holdings, Biocon, Century Textiles, Havells India, Hindustan Unilever, Bank of Maharashtra, MphasiS, Persistent Systems and Shoppers Stop to announce results today.

Aptech, Bajaj Auto, Ceat, JSW Energy, L&T Infotech, Mastek, Oracle Financial Services, Rallis India, Saregama and Tata Communications to announce December quarter results on Wednesday

In Q2, the company's net profit remained flat at Rs 81.5 crore as against Rs 80.2 crore in June quarter of FY22

In the past six months, Mastek's market price has more than doubled as against a 4.6 per cent rise in the S&P BSE Sensex

The company said it added 24 new clients during the quarter

Mastek (UK), wholly owned subsidiary of the company sold partial stake sale in Majesco to drive growth strategy.

Revenue from operation during the quarter under review dipped 7 per cent from Rs 247 crore to Rs 267 crore in March quarter.

The company reported profit of Rs 14.66 crore in Q1FY18 against Rs 2.34 crore in Q1FY17

In past one month, the stock rallied 52% against unchanged in S&P BSE Sensex

The stock was up 6% to Rs 223, extending its previous day's 8% surge on BSE

The stock soared 11% to Rs 194, also its 52-week high on the BSE in intra-day trade

The stock rose 18% to Rs 178, extending its previous day's 3% gain on NSE

Sudhakar Ram will now function as Vice Chairman and Managing Director