Mastek today announced that its wholly-owned US subsidiary MajescoMastek has inked a pact with Flexi Software to deliver end-to-end integrated accounting solutions for insurance companies.
The alliance between MajescoMastek and Flexi Software of Shelton, Conn. will benefit insurers by providing them with the best-of-breed solutions that are seamlessly integrated and supported from a single source, enabling them to operate their business more efficiently and cost effectively.
Founded in 1991, Flexi develops, markets and supports an integrated accounting software solution for companies in many industries including Banking, Insurance and financial Services.
It is the best IT midcap that will boom in coming trading sessions as told in Economic times. It is also the cheapest and Good EPS stock available among all the IT stocks. Hence all are buying for a great bang in this stock.
Yesterday, it inched towards 10% increase from its previous close. Today, it`ll overcome its target of 200. Great buy at this price. Best midcap that will really rally when market moves and is a safe heaven when market moves southwards. Best IT stock that i`ve seen ever. Hence I would give a strong "Buy" for this stock.
That is not correct. The IT sector is actually much better than other sectors. Here is why:
1. Most IT companies tend to be debt free
2. IT players are generally flush with cash
3. Margins of IT companies are very high, and even in a slowdown they will have better margins than what a manufacturing company has in good times!
4. The outlook is not as gloomy as you think.
Mastek has been gaining ground mainly for a couple of reasons. One, it was too cheap to be ignored. second, it is relatively better off (see my earlier posts below).
In IT, Mastek is the best because:
- decent (honest) management team
- great cash flows and bank balances
- exposure to govt (recession-proof)
- cheap valuations
- high dividends (last year Rs 10 per share)
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