Unum deal may boost Mastek prospects

The stock of Mastek may see some buying interest on Friday, as Unum, the UK's leading provider of financial protection, has selected Mastek's Elixir as the core administration platform for its Group Protection business in the UK. Mastek, however, did not disclose the financial details. For the quarter ended September, Mastek reported a net profit of ₹22.72 crore, while in last fiscal ended March 2014, it reported a profit of ₹26.97 crore.