Mastek Q2 PAT at Rs 7.7 crore

India Infoline News Service | Mumbai | October 18, 2016 14:39 IST

The Board of Directors of the company has approved payment of Interim dividend at Rs 1 per share (face value Rs 5 per share) (i.e. 20%), which will be paid to the eligible shareholders on or before November 16, 2016.

Mastek
Mastek reported its net profit at Rs 7.7 crore for the quarter ended September 30. The company's net profit in the corresponding quarter of the previous fiscal year was Rs 2.7 crore.

The total income from operations of the company during the September quarter stands at Rs 126 crore, over Rs 132 crore in the year-ago period.

The Board of Directors of the company has approved payment of Interim dividend at Rs 1 per share (face value Rs 5 per share) (i.e. 20%), which will be paid to the eligible shareholders on or before November 16, 2016.

Stock Commentary:
Mastek Ltd is currently trading at Rs 151.95, up by Rs 19.05 or 14.33% from its previous closing of Rs 132.9 on the BSE.

The scrip opened at Rs 135.05 and has touched a high and low of Rs 153.9 and Rs 133.5 respectively. So far 5833759(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 308.9 crore.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 211.4 on 01-Dec-2015 and a 52 week low of Rs 104.7 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 135.5 and Rs 128.9 respectively.

The promoters holding in the company stood at 49.51 % while Institutions and Non-Institutions held 12.51 % and 37.98 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

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