India's Mastek surges on deal to supply UK's defence ministry

Mastek

18/04/2024 07:48

** Shares of Mastek  MAST.NS  jump ~13%, on pace for best
day in nearly 3 years, amidst heavy trading
    ** Mastek named supplier in UK defence ministry's Digital
and IT Professional Services (DIPS) framework, with budget of
1.2 bln pounds ($1.50 bln) over 4 years 
    ** ~260,000 MAST shares traded, most active day in 2 months
    ** Session's gains push stock to YTD gains of ~3%
 
 ($1 = 0.8015 pounds)

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))