Mastek shares fall 8 percent

Bangalore: The Mastek stock was among the top loser of the day, after its share price went down by eight percent. After opening at Rs. 332.20, the stock touched a high of Rs. 333, before falling by 8.04 percent. During the day, 171,740 shares of Mastek were traded in the market with the current P/E ratio of the stock at 10.15. The stock price chart for 52-weeks is given on left.

Mastek is an India-based company engaged in software development, technical and consultancy services. It provides technology and intellectual property-led enterprise solutions to insurance, government and financial services organizations worldwide. The company has eight development centers out of which six are located in and around Mumbai and one each in Pune and Chennai. The company's subsidiaries include MajescoMastek, Mastek (UK), Mastek Asia-Pacific, Mastek MSC Sdn. Bhd., Mastek GmbH, Mastek Outsourcing Services and Mastek MSC Thailand.

Out of the four analysts following the stock currently, the consensus recommendation is underperform, with the two analysts suggesting that the stock will underperform.