Mastek Share Price Quoting Above 5%

Mastek Ltd is currently trading at Rs 176.80, up by Rs 8 or 5.08 per cent from its previous closing of Rs 168.25 on the NSE. Mastek Ltd informed that the share purchase agreement for acquisition of 100 per cent equity shares of Trans American Information Systems Private Limited has been executed. Following this, Trans American Information System Private Limited has now become a wholly owned subsidiary of the company.

Digitally Inc., U.S., which is an overseas first level step down subsidiary of Mastek, has completed acquisition of TaisTech LLC, USA and Trans American Information System Inc. USA.

Based in Mumbai, India, Mastek Limited is a multinational information technology services company. Mastek Ltd, had delivered a return of -6.54 per cent for a span of one year. Mastek share price opened at Rs 168 and has touched a high and low of Rs 178.40 and Rs 167 respectively. So far 2,45,456 shares were traded on the counter with a traded value of Rs. 426.65, lacs. The current market cap of the company is Rs 391.88 (Cr).

The stock is of face value Rs 5 has touched a 52 week high of Rs 185.40 on 19^th Jan 2016 and a 52 week low of Rs 104.50 on 17^th Feb 2016. Last one week high and low of the scrip stood at Rs 179.20 and Rs 165 respectively. The promoters holding in the company stood at 49.4 per cent while Institutions and Non-Institutions held 12.69 per cent and 37.91 per cent  respectively.

Mastek is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Mastek is fundamentally strong and is safe for investment, as per Dynamic analysts.In order to know about the support a