Sharekhan raises TP for India's Mastek, sees strong order booking

Mastek

27/12/2023 07:20

** Shares of Mastek  MAST.NS  up 0.5% to 2783.7 rupees    
    ** Brokerage Sharekhan increases target price of the
enterprise technology solutions provider to 3,235 rupees,
representing 16% upside to stock's last close 
    ** Maintains "buy" rating
    ** Increase in TP due to possible strong order booking in
the resilient UK public sector - Sharekhan
    ** Strong US growth profile and account mining efforts will
offer stronger revenue visibility for FY25 and aid in industry
leading growth in addition to recovery in margin profile -
Sharekhan
    ** Stock set to rise for third straight quarter after four
quarters of losses; gains ~89% during the period, as of last
close 
    ** Stock up ~63% YTD compared to 19% rise in Nifty 50 index
 .NSEI 



 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))