India's Mastek climbs on deal with Saudi Arabia's Yanbu Cement

Mastek

23/04/2024 10:58

** Shares of IT services company Mastek  MAST.NS  up as much
as 6.6% to 2,825.50 rupees
    ** However, MAST surrenders most gains, last up ~1.4%
    ** Co says it won multi-tower deal from Saudi Arabia's Yanbu
Cement Company to optimize its production line
    ** It, however, did not disclose financial details of the
deal
    ** Avg recommendation of 5 analysts is a "buy", median PT is
3,000 rupees - LSEG data
    ** Stock down 4.4% YTD vs Nifty 500 index's  .NIFTY500  6.3%
rise

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))