Mastek drops 4% post Q2 results

Mastek dropped on Monday after it reported Q2 results.

The company reported consolidated net profit of Rs 64.9 million for the quarter ended Sept. 30, 2012 as against net loss of Rs 272.8 million during the same period of the previous financial year.

Total consolidated income stood at 2.23 billion during the quarter ended Sept. 30, 2012, up 43.60% compared to Rs 1.55 billion during the period an year ago. Shares ofthe companyare trading at Rs 125.45, down Rs 6.55, or 4.96% at the Bombay Stock Exchange (BSE) on Monday at 9:42 a.m.The scrip has touched an intra-day high of Rs 132 and low of Rs 125.45. The total volume of shares traded at the BSE is 6,827.In the earlier session, the shares fell 4.35%, or Rs 6, at Rs 132. Currently, the stock is trading down 32.23% from its 52-week high of Rs 185.10 and above 71.85% over the 52-week low of Rs 73.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 137.10 (5.10) (3.72) 1 Month 133.60 (1.60) (1.20) 3 Months 115.20 16.80 14.58 6 Months 100.45 31.55 31.41 1 Year 90.25 41.75 46.26 Note: Based on previous day closing price.