1/5/2024, 11:58:02 am

Mastek stock rating: ‘Buy’ call retained on recovery hope

Anand Rathi Share and Stock Brokers Ltd has cut Mastek Ltd stock target price to Rs 3,320 from Rs 3,630 following lacklustre Q4 FY24 financial results. However, the brokerage reaffirmed its 'Buy' rating on the stock, anticipating a rebound in revenue in FY25.The brokerage expects Mastek to overcome the setbacks in its US business during Q1 FY25.