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Mastek shares down 7 percent

By SiliconIndia | Tuesday, 02 February 2010, 04:03 Hrs

Bangalore: Mastek ended the trading among top losers of the day with loss of

29.80 (7.27 percent). The company had started trading today at positive note, but failed to gain the investors' faith and ended trading at

380.25. In all 33,694 shares were traded throughout the day with current P/E ratio at 12.75. The stock chart for 52-weeks is given on left.

Mastek is an India-based company. The company and its subsidiaries are engaged in software development, technical and consultancy services. It 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. The company has eight development centers out of which six are located in and around Mumbai, India and one each in Pune and Chennai, India.

Out of four stock analysts following mastek, the consensus recommendation is underperform. With 20,383 units of shares DBS Chola Small Cap Fund holds the largest number of shares in Mastek. Oother IT solutions provider also ended the trading at low note, with Zensar Technologies, Ramco Systems and KLG Systel going down 1.17, 1.43 and 4.03 percent, respectively.

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