Buy Mastek, target of Rs 287: PINC Research
PINC Research has recommended a buy rating on Mastek with a revised 12 month price target of Rs 287. Mastek reported a soft quarter as net sales in USD terms slid 4.5% QoQ to USD 57.9 million due to a 7% depreciation of the GBP against the USD. The quarter enabled a net profit increase of 6.8% to Rs 412 million.
