Expect good returns in Mastek: H Kumar

Harendra Kumar of Centrum Broking is if the view that Mastek should deliver good returns over the period.

Kumar told CNBC-TV18, "Mastek has met 15 out of its 17 guidance plus it has a robust order book of around Rs 450 crore and Return On Equity (ROEs) are very compelling. The stock is available at around 4.5-times forward earnings. In terms of ROE, in terms of valuation, in terms of outlook there is little bit of comfort there and it’s a small midcap pick around here. It should deliver good returns over the period."