Mastek targets 45% growth from insurance biz by 2012

He expects the insurance industry to be a prime growth generator going forward. "We will use aggressive pricing strategy to increase penetration in the insurance sector. We expect to touch 45% growth from the insurance sector in the next three years."

The stock touched an intraday high of Rs 264.95 and a low of Rs 251. At 2:37 pm, the share was quoting at Rs 256.30, down Rs 7.65, or 2.9%. It was trading with volumes of 4,492 shares. Yesterday, the share closed up 0.55%, or Rs 1.45, at Rs 263.95.