India, Feb. 27 -- A small-cap IT services stock focused on digital transformation, cloud, and enterprise engineering has secured a major overseas government deal. Through its UK arm, it won a £49 million five-year biometrics engineering and integration contract with the UK Home Office, strengthening its public-sector presence and improving medium-term revenue visibility. With a market cap of about Rs 5,000 Cr, Mastek Ltd saw its stock hit an intraday high of Rs 1,624, which is 2 percent higher than the previous close of Rs 1,588.5.

News Mastek Limited, through Mastek (UK) Limited, secured a five-year £49 million or Rs 530 Cr engineering, integration, and product-development contract with the UK Home Office biometrics portfolio....