27 Feb 2025

Mastek Shares Rise; Secures $85 Million UK Public Service Contracts

Mastek is currently trading at RS. 2389.90, up by 41.20 points (1.75%) from its previous close of RS. 2348.70 on the BSE.

The stock opened at RS. 2408.55, reaching a high of RS. 2451.50 and a low of RS. 2376.00. So far, 1056 shares have been traded.

Mastek, classified under BSE Group 'A', has a face value of RS. 5. It recorded a 52-week high of RS. 3375.00 (04-Dec-2024) and a 52-week low of RS. 2137.25 (04-Jun-2024). In the last week, the stock ranged between RS. 2564.35 and RS. 2295.00. The company’s market capitalization currently stands at RS. 7558.45 crore.

Shareholding details reveal promoters hold 36.22%, while institutions and non-institutions hold 18.66% and 45.11%, respectively.

Mastek has secured multiple contracts worth $85 million from a UK public service department over a two-year period. These contracts extend and expand existing partnerships, supporting the department’s Digital, Data, and Technology transformation in line with strategic priorities.

With deep expertise in GovTech, Mastek plays a key role in enhancing autonomy, efficiency, and resilience in government operations. The company contributes to critical national services, including case management, data integration, and citizen services on secure AWS cloud infrastructure.

Mastek and its subsidiaries provide enterprise technology solutions across insurance, government, and financial services sectors globally.