Upside left on Mastek: Atherstone Capital Markets

Mastek today’s move has it managed to breach any crucial resistance levels on the top side. Do you see more headroom left or is it stagnation from here?

Gurunath Mudlapur: I believe that there is headroom left for this company, there are two reasons for this one is that the sector per se should do better in the coming year compared to the last year and being old and established player in the business Mastek is bound to benefit out of it.

One of the worst quarters which had happened or other performances have happened in the last year for the company so whatever will be the performance for the current year would be better than that and it will give a YoY growth rate which will be better than what is the last year so that is the reason I think that there is upside in the stock and that is the reason we have a hold on this stock.