Mastek Shares Surge Over 50% in 8 Days

Mastek shares surged as much as 20 per cent on Friday, extending its rally to the eighth day. Mastek has risen nearly over 50 per cent during this period. The shares of the IT company had plunged nearly 66 per cent on June 12 as June 15 was the record date for allotment of shares of its demerged insurance venture Majesco. Analysts say the demerger has the potential of re-rating of both Mastek and Majesco. "In our view, the corporat...