India's Mastek sees sharpest intraday low in almost a year after Q2 profit fall

Mastek

19/10/2023 10:38

** Shares of Mastek  MAST.NS  down as much as 8.3% to 2,166
rupees, their sharpest intraday low since Nov. 18, 2022
    ** Co's Sept-qtr net profit falls nearly 21% Y/Y
    ** Total expenses up 25%, dragged by employee costs which
rose 26.2%
    ** Rev from ops up 22.4%  
    ** Nearly 147,000 shares change hands by 3:03 p.m. IST, 2.4x
the 30-day avg volume
    ** Stock last down 1.2%, trimming YTD gains to ~37% 


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))