{"id":145568,"date":"2025-02-27T15:37:15","date_gmt":"2025-02-27T10:07:15","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145568"},"modified":"2025-04-16T10:48:19","modified_gmt":"2025-04-16T05:18:19","slug":"it-stock-jumps-4-after-receiving-orders-worth-85-mil-from-uk-public-service-department","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-4-after-receiving-orders-worth-85-mil-from-uk-public-service-department\/","title":{"rendered":"IT stock jumps 4% after receiving orders worth $85 Mil from UK public service department"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2288594526\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of an IT company, specialzing in providing IT solutions, including software development, consulting, and digital transformation services jumped upto 4 percent upon receiving multiple work orders worth $85 million from a UK public service department.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4237627372\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 7,269.87 crores on Thursday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/MASTEK\" target=\"_blank\" rel=\"noreferrer noopener\">Mastek Limited<\/a><\/strong> jumped upto 4.3 percent making a high of Rs. 2,451.50 per share compared to its previous closing price of Rs. 2,348.70 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Mastek Limited engaged in providing IT solutions, including software development, consulting, and digital transformation services has secured multiple contracts worth an estimated USD 85 million (approximately Rs. 740 crore<strong>) <\/strong>over two years with a <a href=\"https:\/\/comparebrokers.co\/compare\/united-kingdom-brokers\" target=\"_blank\" rel=\"noreferrer noopener\">UK<\/a> public service department.<\/p><p>These contracts are an extension of ongoing collaborations to support the department&#8217;s digital, data, and technology transformation, aligned to its strategic priorities. Mastek&#8217;s expertise in GovTech enables greater efficiency, autonomy, and resilience in government services, including case management, data integration, and management, in citizen services on secure AWS cloud infrastructure.<\/p><div class=\"trade-content_5\" id=\"trade-244441525\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary<\/strong><\/h2><p><strong>Abhishek Singh, President of UKI &amp; Europe, Mastek said: \u201c<\/strong>At Mastek, we are dedicated to providing secure and high-impact digital solutions that empower our customers to be self-resilient and future-ready. As a trusted technology partner, we remain committed to supporting citizen-centric critical services that align with evolving national priorities.\u201d<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company<\/strong><\/h2><p>Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company has a presence in over 40 countries and Mastek partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Revenue By Industry Segments (Q3FY25)<\/strong><\/h2><p>The Company\u2019s revenue breakdown by industry segments was as follows: 39 percent from Government &amp; Education, 21.6 percent from Health &amp; Life Sciences, 13.3 percent from Retail\/Consumer, 14.1 percent from Manufacturing &amp; Technology, and at last 12 percent from Financial Services.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 11.6 percent from Rs. 787.64 crore to Rs. 879 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 75.32 crore to Rs. 94.71 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong>&nbsp;<\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-content-10\" id=\"trade-3955557165\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1113669569\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of an IT company, specialzing in providing IT solutions, including software development, consulting, and digital transformation services jumped upto 4 percent upon receiving multiple work orders worth $85 million from a UK public service department. Price action With a market capitalization of Rs. 7,269.87 crores on Thursday, the shares of Mastek Limited jumped [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5567,23627,8687,8686,948,936,3157],"class_list":["post-145568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-it-stock","tag-mastek","tag-mastek-latest-news","tag-mastek-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock jumps 4% after receiving orders worth $85 Mil from UK public service department - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of an IT company, specialzing in providing IT solutions, including software development, consulting, and digital transformation services jumped upto 4 percent upon receiving multiple work orders worth $85 million from a UK public service department.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-4-after-receiving-orders-worth-85-mil-from-uk-public-service-department\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock jumps 4% after receiving orders worth $85 Mil from UK public service department\" \/>\n<meta property=\"og:description\" content=\"The shares of an IT company, specialzing in providing IT solutions, including software development, consulting, and digital transformation services jumped upto 4 percent upon receiving multiple work orders worth $85 million from a UK public service department.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-4-after-receiving-orders-worth-85-mil-from-uk-public-service-department\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-27T10:07:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-16T05:18:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/02\/it-laptop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-4-after-receiving-orders-worth-85-mil-from-uk-public-service-department\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-4-after-receiving-orders-worth-85-mil-from-uk-public-service-department\/\",\"name\":\"IT stock jumps 4% after receiving orders worth $85 Mil from UK public service department - 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