Mastek shares slip 7 percent

Bangalore: Mastek ended the trading today on low note with loss of Rs.25.90 (7.29 percent). During the day, the company traded in the range of Rs. 326.20 - Rs.362.00. Overall 185798 shares were traded throughout the day with current P/E ratio of 10.88. The company has 52- weeks high value of Rs. 462 and low of Rs. 147.95.

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

Other software development companies ended the trading on mixed note with Softpro Systems and KLG Systel slipping 3.01 and 1.03 percent respectively, while Ramco Systems and VJIL Consulting gained 15.24 and 6.05 percent, respectively.