Buyback plan comes as a booster for Mastek
DALAL STREET SPIKES
| The stock, in intra-day trades, gained nearly three per cent and touched a high of Rs 256.50, before closing at Rs 241.55, down 1.41 per cent from its previous close. |
| The Sensex, meanwhile, crashed 230 points on political worries and aggressive selling by foreign institutions. The Mastek counter witnessed a volume of 3.85 lakh shares on the BSE. |
| According to analysts, today's rally was purely news driven with the company planning a share buy-back. The stock has been under selling pressure and have lost over 10 per cent from Rs 274.30 on May 6 to Tuesday's close of Rs 241.55. |