Mastek rebounds after 45% fall; Analyst sees upside to ₹2,900
Mastek shares rose 4% to ₹2,598 after crossing the 200-DMA, signalling momentum shift. Analyst Prabhat Mittal sees upside to ₹2,800-2,900 with SL at ₹2,450. CEO Umang Nahata ruled out layoffs, stressing growth via AI-led deals worth $16M in Q1 and mid-to-high double-digit revenue targets. Retail sentiment on Stocktwits stayed 'bullish' even as the stock is still down 14% in 2025.