India's Mastek jumps after reporting Q1 profit rise

Mastek

21/07/2025 05:45

** Shares of Mastek MAST.NS rise 9% to 2,719 rupees, its highest since February 10

** Technology solutions provider posts a 29% jump in its Q1 PAT, while rev rose ~13%

** Growth was driven by strong performance in the UK and Europe, led by momentum in healthcare and secured government services, company says

** Stock rated "buy" on avg; median PT is 3,000 rupees - LSEG

** Stock has fallen ~16% in the year so far

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))