This stock rose more than 1,500% in a year and a half, do you have it?

Multibagger stock Tips: Mastek Ltd stock has grown by over 1,500% in 1.5 years. The stock, which closed at Rs 172.35 on March 27, 2020, rose to a high of Rs 2,871 today, a gain of 1,565% on the Bombay Stock Exchange (BSE). An amount of Rs 1 lakh invested in Mastek shares on March 27 last year would have become Rs 16.65 lakh today. In comparison, the Sensex has gained 102.43 per cent during this period.

This mid cap stock reached an intraday high of Rs 2,871 on BSE today. The stock has gained momentum after three consecutive days of decline. Mastek share is trading higher than 100 day and 200 day moving average but lower than 5 day, 20 day and 50 day moving average.

A total of 5,065 shares of the firm traded at Rs 1.47 crore on the BSE. The market cap of the IT firm rose to Rs 8,375 crore on the BSE. The IT stock has gained 148.04% since the beginning of this year and climbed 217.43 per cent in one year. The stock has lost 8.65 per cent in one month.

The stock hit a 52-week high of Rs 3,666 on October 19, 2021. However, it slipped 15% in the next session after the firm reported a flat set of earnings in Q2. It fell after three sessions of profit after the company’s management said it was a main concern for the firm.

Established in 1982, Mastec provides enterprise level digital transformation services and software to large public and private enterprises in the UK, US and India. The company’s portfolio includes business and technology services, including IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing and business intelligence, application security, customer relationship management (CRM) services and legacy modernization.

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