Just noticed that it has gone up quite smartly. Is there some announcement or news ?
Also, i have invested around Rs 360 long time back. Will it be good to exit this counter around 350 - 400 ?
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Mastek is influenced by several factors like overall world economy outlook as well as discretionary spend now inching up. Also, I think the 2 dozen topguns from various large companies (EDS, CSC, Siemens, etc) added to Mastek sales team in past 9-10 months is also a BIG POSITIVE.
Anybody thinking of investing in Mastek should think twice. It is a company with a management structure that is changed every two years. They have only two major clients and their major revenue was dependent on BT and Capita. There is no clear strategy to grow the business and no wonder the company is still struggling to break the 500m US$ barrier. If you look at the inside, you will find that company has managers with poor leadership, judgement and decision-making. They haven`t been able to stabilise their management for long time now. About the recent hiring in the UK and Global, I suggest you tear the skin to see how they are building partnerships and managing the deliveries. There has been employee unrest recently due to some poor decision making about people policies and adhoc cost cutting announcements. Their pipeline (new customers) isn`t very exciting either. So look, dive into numbers before you invest.
Mastek pipe line is getting into realisation . It is really good company. It is not a typical service company . It serves niche area and hence has it specialisation. I feel, this is going to grow rapidly within two year.
| NIFTY 
