Shares of Mastek jumped over 3 per cent to hit a day’s excessive of Rs 1693.35 on BSE on Tuesday after the corporate introduced a strategic partnership with Netail, a new-age and AI-led retail software program options accomplice, to assist e-Commerce and Omni-channel retailers optimize their retail value-chain and thereby appeal to, convert, and retain digital customers.

Notably, the shares of Mastek have delivered multibagger returns to its long-term shareholders because the inventory has zoomed over 1,192 per cent within the final 10 years.

“Mastek’s deep experience in digital commerce & knowledge analytics cast with Netail’s breakthrough AI know-how that powers key selections throughout assortment, pricing & buyer engagement will devise a synergized retail answer,” the corporate mentioned.

The mixed retail experience of Mastek and Netail will empower on-line retailers with customized merchandising, a greater understanding of shopper behaviour, environment friendly consumer expertise, versatile assortment technique, and real-time market visibility.

“With e-Commerce retailers going through challenges by dramatic adjustments in shopper behaviour and the inadequacy of standard advertising to affect buy selections, the partnership with Netail will empower our retail shoppers to drive AI-led digital transformation, perceive the market from the patron perspective, and strategize for elevated ROI with out compromising on model worth,” mentioned Raman Sapra, President & International Chief Progress Officer at Mastek.

Mastek may even flip ex-dividend right now. It introduced an interim dividend of Rs 7 per share. Right this moment can be the report date for a similar. The dividend might be paid on February 16. The corporate may even announce its quarterly outcomes right now.