Mastek surges 20.39% in five sessions

Mastek jumped 5.57% to Rs 293.70 at 11:21 IST on BSE, with the stock extending recent gains.

Meanwhile, the S&P BSE Sensex was up 12.82 points, or 0.04% at 31,783.71. The S&P BSE Small-Cap index was up 103.61 points, or 0.66% at 15,715.29.

On the BSE, 1.01 lakh shares were traded on the counter so far as against the average daily volumes of 1.75 lakh shares in the past two weeks. The stock had hit a high of Rs 296.70 and a low of Rs 278.05 so far during the day.

Shares of Mastek rose 20.39% in five trading sessions to its current market price of Rs 293.70, from a close of Rs 243.95 on 9 August 2017.

Mastek's consolidated net profit rose 39.88% to Rs 14.66 crore on 2.51% increase in total revenue to Rs 188 crore in Q1 June 2017 over Q4 March 2017.

Mastek is a publicly held leading IT player with global operations providing enterprise solutions to government, retail and financial services organizations worldwide.

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