Mastek Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Mastek will hold a meeting of the Board of Directors of the Company on 18 July 2024.

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Avanti Feeds Ltd, IIFL Finance Ltd, Gujarat Ambuja Exports Ltd, Firstsource Solutions Ltd are among the other stocks to see a surge in volumes on NSE today, 07 June 2024.

Mastek Ltd registered volume of 13.85 lakh shares by 14:14 IST on NSE, a 27.94 fold spurt over two-week average daily volume of 49558 shares. The stock rose 8.76% to Rs.2,804.95. Volumes stood at 83678 shares in the last session.

Avanti Feeds Ltd witnessed volume of 117.31 lakh shares by 14:14 IST on NSE, a 21.03 times surge over two-week average daily volume of 5.58 lakh shares. The stock increased 11.25% to Rs.628.95. Volumes stood at 24.77 lakh shares in the last session.

IIFL Finance Ltd saw volume of 119.6 lakh shares by 14:14 IST on NSE, a 8.1 fold spurt over two-week average daily volume of 14.76 lakh shares. The stock increased 13.34% to Rs.469.45. Volumes stood at 12.58 lakh shares in the last session.

Gujarat Ambuja Exports Ltd saw volume of 31.16 lakh shares by 14:14 IST on NSE, a 5.22 fold spurt over two-week average daily volume of 5.97 lakh shares. The stock increased 8.07% to Rs.151.95. Volumes stood at 10.04 lakh shares in the last session.

Firstsource Solutions Ltd registered volume of 61.97 lakh shares by 14:14 IST on NSE, a 4.94 fold spurt over two-week average daily volume of 12.55 lakh shares. The stock rose 3.38% to Rs.195.85. Volumes stood at 7.95 lakh shares in the last session.

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Whirlpool of India Ltd, Wipro Ltd, Five-Star Business Finance Ltd, CCL Products (India) Ltd are among the other stocks to see a surge in volumes on BSE today, 07 June 2024.

Mastek Ltd saw volume of 91523 shares by 10:46 IST on BSE, a 22.64 fold spurt over two-week average daily volume of 4043 shares. The stock increased 8.60% to Rs.2,801.00. Volumes stood at 8608 shares in the last session.

Whirlpool of India Ltd registered volume of 6.06 lakh shares by 10:46 IST on BSE, a 7.54 fold spurt over two-week average daily volume of 80282 shares. The stock rose 4.97% to Rs.1,619.05. Volumes stood at 9222 shares in the last session.

Wipro Ltd notched up volume of 16.76 lakh shares by 10:46 IST on BSE, a 4.47 fold spurt over two-week average daily volume of 3.75 lakh shares. The stock rose 5.31% to Rs.485.50. Volumes stood at 6.07 lakh shares in the last session.

Five-Star Business Finance Ltd notched up volume of 77415 shares by 10:46 IST on BSE, a 3.82 fold spurt over two-week average daily volume of 20292 shares. The stock rose 7.21% to Rs.828.15. Volumes stood at 30371 shares in the last session.

CCL Products (India) Ltd recorded volume of 22634 shares by 10:46 IST on BSE, a 3.07 times surge over two-week average daily volume of 7361 shares. The stock gained 4.91% to Rs.603.95. Volumes stood at 4203 shares in the last session.

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The firm’s icxPro has demonstrated a 20% return on capital employed (ROCE) in the Manufacturing sector, with massive potential in the BFSI and Healthcare sectors. The launch of icxPro marks a significant stride in Mastek’s non-linear growth strategy.

Mastek's icxPro, a cloud-native platform designed for building scalable AI applications, will help streamline the development of domain-specific AI applications using the full-stack NVIDIA accelerated computing platform, which includes NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform.

Running on NVIDIA A100 Tensor Core GPUs, Mastek’s icxPro will enable businesses to achieve faster time to market and unlock significant business value.

IcxPro seamlessly integrates with the NVIDIA AI stack, enabling the development of production-grade generative AI applications for superior CX management. Mastek's platform simplifies AI integration, accelerating the development of domain-specific solutions for Healthcare, Manufacturing, Retail, and BFSI. Further its businesses can leverage AI to gain deeper customer insights, personalize interactions, and automate tasks across various channels, resulting in a more seamless and engaging customer experience.

Ritwik Batabyal, CTO & Innovation Officer at Mastek,.said, “We are excited to collaborate with NVIDIA to roll out business solutions in machine parts, intelligent fraud management and intelligent supply chain for Manufacturing, BFSI and Healthcare, icxPro, built on the full-stack NVIDIA accelerated computing platform, simplifies the integration process and eliminates technical complexities, allowing businesses to focus on innovation and driving real business outcomes.”

John Fanelli, vice president of Enterprise Software at NVIDIA, said, “Enterprises across industries face significant challenges in deploying scalable AI solutions that enhance customer experience and streamline operations by integrating NVIDIA NIM and other NVIDIA AI Enterprise software, developers using Mastek icxPro have a powerful, cloud-native solution that accelerates AI deployment and drives real business outcomes.

Mastek is an IT company providing enterprise digital and cloud transformation services to the Government/ public sector, health and life science, retail and financial service sectors. The company's service offering includes, application development, Oracle suite & cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing and agile consulting.

The company’s consolidated net profit jumped 21.44% to Rs 94.41 crore in Q4 FY24 as compared with Rs 77.74 crore in Q3 FY24. Revenue from operations fell 0.58% to Rs 779.73 crore in Q4 FY24 from Rs 784.27 crore in Q3 FY24.

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