Companies & Industry »Company News»Company News Details
Company News Details

BSE   23 Jun 17 | 12:00 AM

261.35 -9.15 (-3.38%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 523704
Face Value: N.A.

NSE   23 Jun 17 | 12:00 AM

261.15 -9.3 (-3.44%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: MASTEK
Performance
1 Week : Rs 277.95 (-5.97%)
1 Month : Rs 270.95 (-3.54%)
1 Year : Rs 138.50 (88.70%)
change companytradenow
Back

Mastek gains on winning contract from NCGTC

SI Reporter / Mumbai 28 Oct 15 | 02:10 PM

Shares of Mastek were up nearly 2% after the company said it has won a multi-year contract from National Credit Guarantee Trustee Company (NCGTC) to deliver a 'digital guarantee-processing platform'.

The IT platform will enable banks, FIs, referred to as MLI ( Member Lending Institutions) to participate in various credit guarantee schemes of Government of India, Mastek said in a release.

Widgets Magazine

It is nationwide initiative of extending collateral free loans to various underpriviledged sections of the society. NCGTC envisages a surge in applications from MLIs on commencing its operations and thus the need for a robust IT backbone.

The stock opened at Rs 155 and touched a high of Rs 159. At 2:10pm, over 400,000 shares were traded on both the stock exchanges.

Widgets Magazine

Sensex

Company Price Gain (%)
Power Grid Corpn205.301.84
Sun Pharma.Inds.543.950.97
Wipro256.850.86
ICICI Bank291.500.71
Dr Reddy's Labs2,642.500.50

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine