IT solutions provider Mastek spurted by over 13% in morning trade on the bourses today after its UK-based subsidiary bagged a Rs 58.7 crore multi-year framework contract in that country.
Boosted by the move, shares of the company shot up by 13.13% to touch a months' high of Rs 120.60 on the BSE, while on the NSE, the scrip jumped by 13.33% to hit an early high of Rs 120.65.
On the volume front, over 11 lakh shares of the company changed hands on the bourses during the first few minutes of trade.
The agreement is expected to materially improve Mastek's revenues in the forthcoming years, the company has said.
