Mastek gains 2% on allotting 8,705 equity shares under ESOP

Shares of Mastek gained 2% in intraday trade on Tuesday after the company allotted 8,705 equity shares of Rs5/- each (Face Value) to the eligible Employees who had exercised their vested options under the Company's Employee Stock Option Schemes (ESOP).

Accordingly, the paid up share capital of the Company stands increased to 23,981,508 Equity Shares amounting in to Rs119,907,540.

Further, the company released its earnings for Q4FY19, which showed, profit rose 3.3% qoq at Rs27.4cr vs. Rs2,652cr in the previous quarter.

Revenue of the company for the final quarter of FY19 rose 0.8% qoq at Rs267.1cr. EBIDTA of the company stood at Rs35.3cr in Q4FY19 vs. Rs34cr in the previous quarter, 0.3% up. Margins of the company stood at 13.2% vs. 12.8% in the previous quarter.


Mastek Ltd's share price is currently trading at Rs463.50, down by Rs0 or 0%, from its previous close of Rs463.50 on the BSE.

The scrip opened at Rs466.15 and has touched a high and low of Rs482 and Rs461.30, respectively. So far 4,71,735 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs1,111.14cr. 
 

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