IT solutions provider
Mastek spurted by over 13 per cent in morning trade on the bourses on Wednesday after its UK-based subsidiary bagged a Rs 58.7 crore multi-year framework contract in that country.
Boosted by the move, shares of the company shot up by 13.13 per cent to touch a months' high of Rs 120.60 on the BSE, while on the NSE, the scrip jumped by 13.33 per cent to hit an early high of Rs 120.65.
The agreement is expected to materially improve Mastek's revenues in the forthcoming years, the company has said.
Bucking the weak broader market sentiments, IT solutions provider Mastek settled the day higher by 7.69 per cent at Rs 114.80 on the BSE on Wednesday. In intra-day, the stock zoomed up by 14.44 per cent to touch a month's high of Rs 122.
On the NSE, the stock ended at Rs 113.80, up 6.90 per cent from the previous close.
In terms of volume, over 41 lakh shares of the company changed hands on the bourses. Meanwhile, the BSE 30-share Sensex finished the day at 18,132.24, down 176.42 points.
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