Mastek, specialised in building, re-engineering, maintaining and managing enterprise grade business applications, shares gained on Monday after the company has approved the demerger of the insurance products and services business of Mastek  into Minefields Computers Private.

Shares of the company are trading at Rs 262.90, up Rs 28.4, or 12.11% at the Bombay Stock Exchange (BSE) on Monday at 11:37 a.m.

The scrip has touched an intra-day high of Rs 269.50 and low of Rs 240.60. The total volume of shares traded at the BSE is 531,092.