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Sharekhan is bullish on Mastek has recommended buy rating on the stock with a target price of Rs 3,150 in its research report dated April 29, 2024.

Buy Mastek; target of Rs 3,150: Sharekhan

The company's 12-month order backlog was Rs 2,168.4 crore as of March 31, 2024, as compared to Rs 1,794.1 crore a year ago which fueled optimism for a strong recovery in FY25

Mastek stock rating: ‘Buy’ call retained on recovery hope, but target price cut

Mastek has been a long-standing supplier to the UK Ministry of Defence since 2017.

Mastek zooms 20% on bagging £1.2-billion UK digital and IT services supply order

It would be advisable to take an approach of holding longs with trailing stop-loss instead of anticipating any upside target for the Nifty.

Hot stocks: Pick Mastek, JK Lakshmi Cement, Castrol India for up to 18% return in the short term

If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750

Experts line up 10 hottest bets for next 3-4 weeks as market looks poised for a rally

Mastek Ltd. engages in the provision of enterprise technology solutions. Its portfolio includes business and technology services, including information technology consulting, application development, systems integration, application management outsourcing, testing, data warehousing and business intelligence, application security, and legacy modernisation. The company was founded by Ashank Datta Desai, Ketan Bansilal Mehta, Radhakrishnan Sundar and Venkatraman Ram Sudhakar on May 14, 1982 and is headquartered in Mumbai, India.

Volume	86,121.00
52-Wk High	3,145.00
52-Wk Low	1,711.00

MASTEK.NSE Mastek Ltd.

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