'Add' Mastek Shares Maintains HDFC Securities, Sees Multiple Growth Triggers Ahead

With a budget of ~£200 billion, NHS England is a major client for Mastek, contributing ~22% of its revenue. Mastek's management is closely monitoring these changes but does not anticipate a major impact on spending. However, there may be short-term uncertainty and delays due to the merger activities..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Institutional Equities.The UK government has decided to abolish NHS England and merge it into the Department of Health and Social Care. NHS England, established in 2013, was merged with NHS Digital in 2023 to streamline the UK's healthcare services but failed to meet its objectives. The latest reorganisation aims to reduce bureaucracy, achieve cost savings, and redirect those savings into digital and AI initiatives to enhance the UK healthcare system. With a budget of ~£200 billion, NHS England is a major client for Mastek, contributing ~22% of its revenue. Mastek's management is closely monitoring these changes but does not anticipate a major impact on spending. However, there may be short-term uncertainty and delays due to the merger activities. Mastek has been shortlisted as a vendor for the Digital Capability for Health 2 framework, a three-year contract involving 22 suppliers, focusing on data management, digital services, and the design, development, and maintenance of healthcare services. Additionally, Mastek is a supplier in the £1.2 billion defence framework. Other deal wins from the Home Office and Ministry of Justice provide growth visibility in the UK government and healthcare verticals, which collectively account for ~60% of Mastek’s revenue..Click on the attachment to read the full report:.Suzlon Energy Can Rally 21%, Projects Motilal Oswal, As It Initiates Coverage With Buy Rating.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

'Add' Mastek Shares Maintains HDFC Securities, Sees Multiple Growth Triggers Ahead

Mastek stock has corrected ~7% and 23% in the last one and three months, respectively, and is trading at a P/E of 18x and 15x FY26/27E EPS.

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