Add Mastek, target price Rs 4,000: HDFC Securities
HDFC Securities has an add call on Mastek with a target price of Rs 4000. The current market price of Mastek is Rs 3230.4. Mastek, incorporated in 1982, is a Small Cap company with a market cap of Rs 9971.70 crore, operating in IT Software sector.
Mastek's key products/revenue segments include I T Services for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 872.43 Crore, up 6.77 % from last quarter Total Income of Rs 817.08 Crore and up 13.25 % from last year same quarter Total Income of Rs 770.37 Crore. Company has reported net profit after tax of Rs 128.65 Crore in latest quarter.
The company's top management includes Mr.Ashank Desai, Mr.Rajeev Kumar Grover, Mr.Ketan Mehta, Mr.Suresh Vaswani, Mr.Umang Nahata, Ms.Marilyn Jones. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-09-2024, the company has a total of 3 Crore shares outstanding.
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