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IT solutions provider Mastek spurted by over 13 per cent in the morning trade on the bourses today after its UK-based subsidiary bagged a Rs 58.7-crore multi-year framework contract.
Boosted by the move, the scrip shot up by 13.13 per cent to touch a month’s high of Rs 120.60 on the BSE, while on the NSE, it jumped by 13.33 per cent to hit an early high of Rs 120.65.
During the morning session, the scrip was trading up by 12.62 per cent at Rs 120.05 on the BSE and up by 13.29 per cent at Rs 120.60 on the NSE.
On the volume front, over 11 lakh shares of the company changed hands on the bourses during the first few minutes of trade.
The agreement is expected to materially improve Mastek’s revenues in the forthcoming years, the company said.
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