Mastek freezes at 20% upper circuit post March quarter earnings

Shares of Mastek were locked in 20 per cent upper circuit at Rs 346 on the BSE on Monday in an otherwise weak market after the company reported 36.1 per cent quarter on quarter (QoQ) growth in revenue in constant currency terms for the quarter ended March 2020 (Q4FY20). The company said its financials include acquisition of Evosys and, hence, are not comparable.

In comparison, the S&P BSE Sensex was down 2 per cent or 663 points at 33,117 at 11:40 am. A combined 223,000 shares changed hands and there were pending buy orders for 72,000 shares on the