/ Mastek Outshines On Acquisition Of New Entity ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 6 January 2017

Mastek is trading in the positive territory on Jan 6. The stock of the company has gained 4% on an intraday basis. The stock has largely witnessed a surge as it has announced the acquisition of US-based leading digital commerce solution provider, TAISTech.

TAISTech is a digital commerce services leader that provides strategic consulting, large-scale commerce implementations and support for the Oracle Commerce and Oracle Commerce Cloud applications.

In addition, TAISTech also provides omnichannel strategy, creative design, mobile app development, ongoing maintenance and training. TAISTech, has posted steady growth of 15 % CAGR over the past four years. This acquisition will create a platform for Mastek's accelerated growth in the US market. Mastek in the last one year has fallen by 9.22%. Currently, the stock is trading with a P/E of 22.96.

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