Mastek (Management & Software Technology) shares up around 12 percent on BSE on large volumes.It Spun off Majesco the insurance technology software and IT services provider in June 2015.Investors and traders still scouting on the value of remaining technology business left with Mastek.
Mastek reported a consolidated earnings per share of 1.16 on a sales of 131.5 crores in September quarter after the Majesco spin off.Previous quarter results may not be comparable as the earnings in those quarters also included the insurance business. With the environment looking good for smaller IT companies.At current price of 192.6 Mastek is valued at 440 crores
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