Mastek Limited is a multinational information technology (IT) Services Company headquartered in Mumbai, India. It is one of the oldest software companies in India. The company specializes in building, re-engineering, maintaining and managing enterprise grade business applications for the insurance and government sectors. They offer both IP led product platforms and domain aware services and have expertise in working on large scale modernization programs with determinate and predictable outcomes.
After gaining for about a month on the back of IT Index being the top performer Mastek share price began its slide after closing at Rs. 182.90 on 19th December. The stock has been tumbling since then losing over 6 per cent in three straight trading days.
The stock has yielded 33.04 per cent in a month and has the market cap of Rs. 409.81 crores as on 22nd December 2016. The face value Rs. 5 shares have the book value of Rs. 137.16 each. The company has the Consolidated FY 15-16 PE Ratio of 29.82, Consolidated Trailing PE Ratio of 22.28, Standalone FY 15-16 PE Ratio of 30.66 and Standalone Trailing PE Ratio of 19.88.
Today, as the IT Index corrected for second straight trading day after a rally of eight trading sessions, Mastek share price also closed with a drop of approximately 7 per cent. The stock had opened at Rs. 172 lower than its previous close of Rs. 175.95. The stock went as high as Rs. 177 and the low of Rs. 160. In all approximately 4 lakh shares had changed hands on the NSE trading counter.
In past month the stock has witnessed the highest trading volume of over 45 lakhs and the highest deliverables of approximately 7 lakh shares on 14th December at the low of Rs. 150.60. Mastek is the top 500 performing stock for the quarter as picked by Dynamic Levels. For the details on the stock drop by at Mastek share price history page of Dynamic Levels website.
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