Stocks of Mastek decreased over 5percent, hitting the weekly low of Rs119.40

Stocks of Mastek decreased over 5percent, hitting the weekly low of Rs119.40, following reports a net loss_of Rs7.69 cr for the 4th quarter closed June-30-2011, in comparison to a net gain of Rs2.51 cr in the similar quarter of the prior financial on consolidated basis.

Net sales dropped 12percent to Rs144 cr in Q4FY11 on the prior year.

The firm revealed consolidated net_loss of Rs55.93 cr that year closed June 2011 in comparison with net gain of Rs67.72 cr in the year closed June 2010.

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