InvestorQ : Why share prices of Mastek ran upto Rs 1200 from Rs 300.can profir can be booked at this price
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Why share prices of Mastek ran upto Rs 1200 from Rs 300.can profir can be booked at this price

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4 weeks ago
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I would ideally suggest that you book profits in Mastek for a number of reasons. Firstly, the company has seen a very sharp rally from the levels of Rs.165 last year, it has rallied to above Rs.1300, so it has been a multi-bagger in the strict sense of the term. Also, in your case, if you are sitting on a profit, it would be a good idea to book out considering that the stock is at around 130 times P/E in the market.

One of the big reason for the recent rally was the hiving off its stake in Majesco, which had paid a bumper dividend equivalent to its stock price. That was a major factor that drove the software stock sharply higher. I would believe that the story has largely played out so it is a good idea to book profits at higher levels.
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