Mastek shares slip 7 percent


Mastek shares slip 7 percent
Bangalore: Mastek ended the trading today on low note with loss of 25.90 (7.29 percent). During the day, the company traded in the range of 326.20 - 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 462 and low of 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.