Stock Of The Day: Mastek To Enhance AI Platform In Partnership With Nvidia

Mastek Ltd. has announced a partnership with Nvidia to enhance its icxPro platform, aiming to offer the next generation of customer experience solutions powered by artificial intelligence. The icxPro is a cloud-native platform designed for building scalable AI applications using Nvidia's accelerated computing platform. The solution caters to various sectors including manufacturing, healthcare, banking, financial services, and insurance. It has demonstrated a 20% return on capital employed in the manufacturing sector.

Shares of Mastek rose 15.85% intraday before paring gains to trade 10.62% higher at Rs 2,853 apiece at 10:14 a.m. The stock has risen 2.30% year-to-date. Of the five analysts tracking the company, four maintain a 'buy' rating and one suggests a 'hold', according to Bloomberg data. The return potential from the consensus target price implies a 3.7% upside.

Key takeaways

Mastek Ltd. plans to enhance its icxPro platform with Nvidia's accelerated computing to offer AI-powered customer experience solutions.
The icxPro is a cloud-native platform designed for building scalable AI applications and caters to the manufacturing, healthcare, banking, financial services, and insurance spaces.
Mastek reported a flat quarter-on-quarter revenue of Rs 780 crore in the fourth quarter of fiscal 2024, with net profit rising 21.4% to Rs 94 crore.
Shares of Mastek rose 15.85% intraday before paring gains to trade 10.62% higher at Rs 2,853 apiece at 10:14 a.m.

Stock Of The Day: Mastek To Enhance AI Platform In Partnership With Nvidia—Key Levels

Key takeaways

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