MASTEK LTD.
NSE : MASTEKBSE : 523704ISIN
CODE : INE759A01021Industry : IT - SoftwareHouse
: Private
BSE2522.6049.55 (+2 % )
PREV CLOSE (Rs.) 2473.05
OPEN PRICE (Rs.) 2480.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 458
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2525.00 49.75 (+2.01 % )
PREV CLOSE(Rs.) 2475.25
OPEN PRICE (Rs.) 2480.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 2525.00 (14 )
VOLUME 8287
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 17-May-2024 | Mastek informs about analyst meet | <p style="text-align: justify;">Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Mastek has informed that the Company has scheduled Analyst / Institutional Investor Meet and the details of the same are enclosed. No unpublished price sensitive information (UPSI) is proposed to be shared by the Company during the aforesaid investor meeting. The aforesaid information is also being hosted on the Company's website at www.mastek.com.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 07-May-2024 | VA Tech Wabag, Lupin and Mastek to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">VA Tech Wabag </span>has secured a repeat order from Office National De L'assainissement (ONAS). The consortium order entails Design, Build, Operate (DBO), towards a 36 MLD Wastewater Treatment Plant (WTP) valued at 114.22 Million Tunisian Dinars (approx. Euro 34 Million), located at Sousse Hamdoun II, Tunisia. The scope of WABAG under this order will be Engineering & Procurement (‘EP') and Operation & Maintenance (O&M), which is worth about half of the consortium order value. This includes Design, Engineering, Supply, Installation and Commissioning of the plant followed by a One Year O&M phase.</p><p style="text-align: justify;"><span style="font-weight: bold;">Lupin </span>has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application for Travoprost Ophthalmic Solution USP, 0.004% (Ionic Buffered Solution), to market a generic equivalent to the reference listed drug (RLD) Travatan Z Ophthalmic Solution, 0.004%, of Sandoz Inc. The product will be manufactured at Lupin's Pithampur facility in India. Travoprost Ophthalmic Solution USP, 0.004%, is indicated for the reduction of elevated intraocular pressure in patients with open angle glaucoma or ocular hypertension. Travoprost Ophthalmic Solution USP, 0.004% (RLD Travatan Z), had estimated annual sales of $77 million in the U.S. (IQVIA MAT March 2024). </p><p style="text-align: justify;"><span style="font-weight: bold;">Mastek </span>has unveiled its iConniX portfolio to enable Gen AI-led innovation across industries. iConniX currently offers over 120 AI assets, 4 AI platforms, and solution blueprints tailored to meet industry specific business use cases. Building on top of personalized automation, intelligent decision-making, and tailored industry solutions, Mastek sets the stage for 'AI as an Experience', enabling businesses to leverage the full potential of Cloud, Data, Analytics, and Customer Experience (CX). It redefines the way companies engage with technology, ML and large language models making AI an integral part of their operations. iConniX will drive productivity, innovation, and long-term business outcomes for organizations.</p><p style="text-align: justify;"><span style="font-weight: bold;">Wipro </span>has collaborated with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI): Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination. Harnessing the power of GenAI, the Wipro cognitive assistants will provide financial professionals with deep market intelligence and relevant and timely information on investment products and investor behavior. The solutions will also accelerate the investor onboarding and loan origination process by significantly reducing the time it takes to validate documents and providing meaningful and contextual responses to investor queries throughout the process.</p><p style="text-align: justify;"><span style="font-weight: bold;">Entero Healthcare Solutions</span>' board has approved inter-alia, to execute the definitive agreements to acquire 80% paidup equity share capital of Avenir Lifecare Pharma (ALPPL) at their meeting held on May 6, 2024. The business of ALPPL is in line of the business of the Company i.e. wholesale distribution of pharmaceutical and other allied products and the acquisition of ALPPL by the company shall enable the Company to expand its business in the State of Telangana and thereby enabling the company to generate additional business and revenue on consolidated basis.</p><p style="text-align: justify;"><span style="font-weight: bold;">Welspun Corp's</span> associate company -- East Pipes Integrated Company for Industry (EPIC) has inked contract with Maramer Contracting Company with value exceeding SAR 60 million (around Rs 133 crore) for manufacturing, coating and supply of steel pipes. The duration of the contract is six months. </p><p style="text-align: justify;"><span style="font-weight: bold;">Indian Overseas Bank</span> (IOB) has planned to sell 92 non-performing loans with an aggregate outstanding of Rs 13,471.68 crore through an e-auction on May 28. The public sector lender invited expressions of interest (EoI) from asset reconstruction Companies (ARCs) and other eligible transferees by May 13 to participate in the auction process.</p> |
| 06-May-2024 | Mastek unveils iConniX portfolio to enable Gen AI-led innovation across industries | <p style="text-align: justify;">Mastek has unveiled its iConniX portfolio to enable Gen AI-led innovation across industries. iConniX currently offers over 120 AI assets, 4 AI platforms, and solution blueprints tailored to meet industry specific business use cases.</p><p style="text-align: justify;">Building on top of personalized automation, intelligent decision-making, and tailored industry solutions, Mastek sets the stage for 'AI as an Experience', enabling businesses to leverage the full potential of Cloud, Data, Analytics, and Customer Experience (CX). It redefines the way companies engage with technology, ML and large language models making AI an integral part of their operations. iConniX will drive productivity, innovation, and long-term business outcomes for organizations.</p><p style="text-align: justify;">Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.</p><div style="text-align: justify;"><br></div> |
| 23-Apr-2024 | Mastek wins deal from Yanbu Cement Company | <p style="text-align: justify;">Mastek has won the multi-tower deal from Yanbu Cement Company (YCC) to optimize the efficiency of YCC's production line. YCC, a pioneer in the cement industry in the Kingdom of Saudi Arabia (KSA), embarked on a digital & cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia's Vision 2030 and Smart Industry 4.0 initiatives. </p><p style="text-align: justify;">Following the execution of multiple back office and Enterprise Resource Planning (ERP) transformation programs in the first phase, Mastek will kick-off the second phase, focusing on automating YCC's front office operations and streamlining the lead-to-cash cycle. By leveraging the Oracle Fusion stack across integrated layers of ERP systems, Mastek will enable YCC to improve customer & employee experience, reduce order fulfilment turnaround time (TAT), optimize material loading & dispatch processes, and enhance quality with governance excellence. </p><p style="text-align: justify;">During the initial phase, Mastek transformed YCC's EBS-based infrastructure to Oracle Fusion Cloud. An extensive suite of Oracle Cloud modules was implemented, such as Human Capital Management (HCM), Enterprise Planning & Budgeting Cloud Service (EPBCS), Profitability & Cost Management Cloud Service (PCMCS), and Oracle Maintenance Cloud. The project marks a significant achievement for Mastek as it expands its revenue streams through CX Transformation, EX Transformation & Industrial Edge offerings, and is poised to tap into new market potential. With an increased focus on CX, EX & connected enterprise solutions Mastek aims to strengthen its footprint as a digital transformation leader in the Middle East region.</p><p style="text-align: justify;">Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.</p><div style="text-align: justify;"><br></div> |
| 23-Apr-2024 | Mastek jumps on winning deal from Yanbu Cement Company | <p style="text-align: justify;">Mastek is currently trading at Rs. 2704.80, up by 54.45 points or 2.05% from its previous closing of Rs. 2650.35 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2665.55 and has touched a high and low of Rs. 2815.00 and Rs. 2622.15 respectively. So far 12043 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3147.00 on 16-Feb-2024 and a 52 week low of Rs. 1680.10 on 25-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 3100.25 and Rs. 2572.00 respectively. The current market cap of the company is Rs. 8374.08 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 36.26%, while Institutions and Non-Institutions held 21.46% and 42.27% respectively.</p><p style="text-align: justify;">Mastek has won the multi-tower deal from Yanbu Cement Company (YCC) to optimize the efficiency of YCC's production line. YCC, a pioneer in the cement industry in the Kingdom of Saudi Arabia (KSA), embarked on a digital & cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia's Vision 2030 and Smart Industry 4.0 initiatives. </p><p style="text-align: justify;">Following the execution of multiple back office and Enterprise Resource Planning (ERP) transformation programs in the first phase, Mastek will kick-off the second phase, focusing on automating YCC's front office operations and streamlining the lead-to-cash cycle. By leveraging the Oracle Fusion stack across integrated layers of ERP systems, Mastek will enable YCC to improve customer & employee experience, reduce order fulfilment turnaround time (TAT), optimize material loading & dispatch processes, and enhance quality with governance excellence. </p><p style="text-align: justify;">During the initial phase, Mastek transformed YCC's EBS-based infrastructure to Oracle Fusion Cloud. An extensive suite of Oracle Cloud modules was implemented, such as Human Capital Management (HCM), Enterprise Planning & Budgeting Cloud Service (EPBCS), Profitability & Cost Management Cloud Service (PCMCS), and Oracle Maintenance Cloud. The project marks a significant achievement for Mastek as it expands its revenue streams through CX Transformation, EX Transformation & Industrial Edge offerings, and is poised to tap into new market potential. With an increased focus on CX, EX & connected enterprise solutions Mastek aims to strengthen its footprint as a digital transformation leader in the Middle East region.</p><p style="text-align: justify;">Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.</p><div style="text-align: justify;"><br></div> |
| 18-Apr-2024 | Mastek named as supplier on UK's MOD Digital and IT Professional Services Framework | <p style="text-align: justify;">Mastek has been awarded a place on Lot 1: Solution, Enterprise & Tech Architecture, Data, Innovation, Tech Assurance, and Knowledge & Information Management of the UK Ministry Of Defence's (MOD) Digital and IT Professional Services (DIPS) framework. Mastek will also be a subcontractor for Qinetiq on Lot 2: Dev, Aps, UX, Dev Ops, Sys Design, and App Support, and on Lot 3: Cyber Security, Crypto, Sec Ops, and Integrated Systems.</p><p style="text-align: justify;">Crown Commercial Service (CCS) assisted MOD in the production of the DIPS framework and became the framework authority upon go-live with MOD responsible for all customer engagement. The DIPS framework is due to run for four years. The comprehensive DIPS framework will support and enable the MOD with its digital strategy in the areas of data, modern technology, cyber defence, and digital delivery of capability that is relevant, cost-competitive, and on time to meet the demands of Defence's transformation objectives.</p><p style="text-align: justify;">Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.</p><div style="text-align: justify;"><br></div> |
| 08-Apr-2024 | Mastek earns 2024 Great Place To Work Certification | <p style="text-align: justify;">Mastek has been certified as Great Place To Work in India, UK, US, and Middle East. Mastek is acknowledged for fostering trust, integrity, self-belongingness, and benevolence within its diverse workforce. Nearly 74 percent of employees participated in the GPTW survey, validating Mastek's commitment to employees' physical and emotional well-being and supporting career growth opportunities.</p><p style="text-align: justify;">Great Place To Work is the global authority that helps organizations benchmark their workplace culture and produce high-performing results by creating a high-trust work experience for all employees. This authority conducts surveys and examine employees' sentiments and well-being to help make organizations data-driven people decisions.</p><p style="text-align: justify;">Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.</p><div style="text-align: justify;"><br></div> |
| 08-Apr-2024 | Mastek informs about board meeting | <p style="text-align: justify;">In terms of Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mastek has informed that a meeting of the Board of Directors of the company is scheduled to be held on Thursday, April 18, 2024, to consider, approve and take on record the following: Consolidated (including Subsidiaries) and Standalone Audited Financial Results of the Company under Indian Accounting Standards (Ind AS) for the Financial Year ended March 31, 2024; Recommend a final dividend for the Financial Year 2023-24, subject to the approval of the Shareholders at the ensuing 42nd Annual General Meeting; and any other matter with the permission of the Chair. Further to letter no. SEC/148/2023-24 dated March 27, 2024, it has informed that in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Internal Code for Prohibition of Insider Trading ('Code'), the trading window of the Company has been closed since March 31, 2024 onwards. The Trading Window shall remain closed till the expiry of 48 hours from the date the said Financial Results are made public and the trading window will re-open on April 22, 2024. Pursuant to Regulation 30 and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it has informed that the Company will hold an Earnings Conference Call on Friday, April 19, 2024, for investors / analysts, to discuss the financial results of FY 23-24 and business outlook. The details of the Earnings Conference Call are enclosed herewith titled ‘Mastek to announce Q4FY24 results on April 18th, 2024; Earnings call to be held on April 19th, 2024 at 5:00 pm (IST) and is also being made available on the Company's website at www.mastek.com.</p><div>The above information is a part of company's filings submitted to BSE.</div> |
| 14-Feb-2024 | Allotment of Equity Shares | Inter-alia to consider the allotment of 1,59,942 equity shares on preferential basis (for consideration other than cash) in accordance with the special resolution passed by the Shareholders and in principle approval received from the exchanges. |
| 09-Feb-2024 | Mastek informs about analyst meet | <div style="text-align: justify;">As per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Mastek has informed that the Company will conduct the Analyst / Institutional Investor Meeting and the schedule of the same as on 9th February 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
