Buy Mastek, target price Rs 2930: HDFC Securities

HDFC Securities has buy call on Mastek with a target price of Rs 2930. The current market price of Mastek Ltd. is Rs 2563.4.

Time period given by analyst is one year when Mastek Ltd. price can reach defined target.

Mastek Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 6524.01 Crore) operating in IT Software sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 521.17 Crore, up 7.14 % from last quarter Total Income of Rs 486.45 Crore and up 29.40 % from last year same quarter Total Income of Rs 402.76 Crore. Company reported net profit after tax of Rs 80.21 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 44 per cent stake in the company as of March 31, 2021, while FIIs held 6 per cent, DIIs 11 per cent and public and others 39 per cent.