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.