Bear of the Day: Stock that lost over 50% in six months
July 21, 2011 at 1:58 am | Posted in The Market | Comments Off on Bear of the Day: Stock that lost over 50% in six months
 Bear of the Day: Stock that lost over 50% in six months Published on Thu, May 12, 2011 at 17:01 | Source : Moneycontrol.com Updated at Fri, May 13, 2011 at 08:24 Post Office® Savings www.PostOffice.co.uk/Savings New Inflation Linked BondApply before September 2nd Ads by Google
Mastek has plunged 51.48% in the last six month. Despite being one of the IT firms that have qualified and empanelled for the Unique Identification Authority of India (UIDAI) project, the stock slipped 7.27% or Rs 8.05 today and ended at Rs 102.70 on the BSE. Today’s stock performance: The share touched an intraday high of Rs 110.55 and an intraday low of Rs 101.05. The total traded volumes were of 633,839 shares. How far is it from its 52-week high/low? The company touched its 52-week high Rs 311.95 and 52-week low Rs 89.05 on July 16, 2010 and May 10, 2011, respectively. Currently, it is trading -67.08% below its 52-week high and 15.33% above its 52-week low. Its market capitalisation stands at Rs 276.79 crore. The company’s trailing 12-month (TTM) EPS was at Rs 0.96 per share. The stock’s price-to-earnings (P/E) ratio was 107.92. The latest book value of the company is Rs 140.28 per share. At current value, the price-to-book value of the company was 0.74. The dividend yield of the company was 3.14%. Management say: Commenting on UIDAI project, Mastek said CNBC-TV18 today that the project is big, but not as large as reported. However, it sees a lot of scope “over a period of time.” The company’s chairman, managing director and CEO, Sudhakar Ram said, the firm’s empanelment need not guarantee them winning an order, nevertheless, Mastek is “interested in the public distribution deals (PDS) that have been of the size of Rs 5 crore to Rs 10 crore.” Ram also said that the margins made in government projects are lower than those in the international deals. “In India, we would operate at between 55% and 75% of our international margins,” he added. Also Read: Mastek empanelled for UIDAI, keen on PDS deals of Rs7-15cr Third quarter results: The company has declared its third quarter results. The company’s Q3 consolidated net sales were up at Rs 150.4 crore versus Rs 149.8 crore, quarter-on-quarter, QoQ. Its consolidated net loss declined at Rs 7.1 crore versus net loss of Rs 27.7 crore, QoQ. About the company: Mastek is a high-end provider of vertically-focused enterprise technology solutions and platforms that unleash the potential of its clients’ organisation and enable business transformation. Peer comparison:
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