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The Economic Times
The Economic Times
Kumar Gaurav

Mastek shares defy weak markets, gain 3% after Staffordshire County council picks company for Oracle Cloud transformation

Mastek Staffordshire County Council Kumar Gaurav BSE SEBI United Kingdom

Shares of Mastek were in demand in an otherwise weak market on Thursday, rising more than 3% after the computer software and consulting company announced that its UK subsidiary had been selected by Staffordshire County Council for an AI-enabled Oracle Cloud transformation programme.

Mastek shares rose 3.28% to hit an intraday high of Rs 1,678.40 apiece on the BSE. The stock pared some of its gains thereafter but continued to trade in positive territory. At the last count, Mastek shares were trading at Rs 1,652.35 apiece, up 1.68% from the previous close of Rs 1,625.

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