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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
 
 
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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%)


Outlook


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

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first published: Oct 22, 2021 04:06 pm

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