Moneycontrol PRO
UPCOMING EVENT:Special webinar on Highlights of global investing in 2021 and what lies ahead' at 2 pm on 21st January, 2022. Register Now!
you are here: HomeNewsBusiness

Hold Mastek: target of Rs 3065: ICICI Direct

ICICI Direct recommended hold rating on Mastek with a target price of Rs 3065 in its research report dated October 21, 2021.

October 22, 2021 / 04:06 PM IST
  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on Mastek

Mastek Ltd (Mastek) offers data, apps, cloud services to public & private enterprise in the UK, US, Middle East, Asia Pacific and India The company’s recent acquisition of Evosys has enabled Mastek to provide end-to-end solutions and improves margins from ~14% to 21% Net debt free and healthy double digit return ratio (with RoCE of 20%)


We now assign HOLD rating to the stock (from BUY earlier) We value Mastek at Rs 3,065 i.e. 26x P/E on FY23E EPS

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Oct 22, 2021 04:06 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark