With the quarterly results, it is becoming clear how the company has fared. Would it be right to invest in it? Brokerage HDFC Securities is also looking positive about Masket, an IT company that performed well in the last quarter. The company has improved both revenue and margins during the quarter ended March. Management expects the company’s revenue to reach $1 billion in the next five years.
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Brokerage firm HDFC Securities has set a target price of Rs 3530 for this IT stock. During the last one year, the share prices of this company have seen a jump of 103%. The brokerage firm said in its notes, ‘British government business expects Masket to reach this.’ Brokerage firms are betting on the shares of this company.
How’s the revenue?
The company’s revenue has seen a growth of 26% in the financial year 2022. The company’s revenue during this period has been Rs 2,183 crore. 581 crores with a growth of 20% over the fourth quarter revenue of the previous financial year. The company’s net profit stood at Rs 88 crore during the January-March quarter.