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Buy Mastek with a target of Rs 249: Sameet Chavan

Buy Mastek Ltd. at a price target of Rs 249.0 and a stop loss at Rs 207 from entry point|
Updated: Apr 19, 2017, 12.59 PM IST
Sameet Chavan of Angel Broking has a buy call on Mastek Ltd. with a target price of Rs 249. The current market price of Mastek Ltd. is Rs 221.65. The time period given by the analyst is Intra Day when Mastek Ltd. price can reach defined target. Sameet Chavan recommended to keep stop loss at Rs 207.

Mastek Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of ₹ 501.80 Cr.) operating in Information Technology sector.

Mastek Ltd. key Products/Revenue Segments include I T Services which contributed ₹ 378.44 Cr to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed ₹ .23 Cr to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 125.75 Cr., up .68% from last quarter Sales of ₹ 124.90 Cr. and down -8.53% from last year same quarter Sales of ₹ 137.47 Cr. Company has reported net profit after tax of ₹ 11.23 Cr. in latest quarter. The company’s CEO is Mr.S Sandilya. It's Board of Directors include Mr.Abhishek Singh, Mr.Dinesh Kalani, Mr.Ashank Desai, Mr.Atul Kanagat, Mr.Dinesh Kalani, Mr.Keith Selwyn Bogg, Mr.S Sandilya, Mr.Sudhakar Ram, Ms.Priti Rao. Company has its registered office at 315, World Trade Centre, Barakhamba Avenue,, Connaught Place, New Delhi, Delhi. Company has Price Waterhouse & Co LLP as its auditors. As on 31-03-2017, the company has a total of 23,377,533 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of & Please consult your financial advisor before taking any position in the stock/s mentioned.

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