Mphasis shares down 1.05% as Nifty drops
MphasiS Ltd. traded 1.05 per cent down in Friday's trade at 01:33PM (IST). Around 1,419 shares changed hands on the counter.
The stock opened at Rs 2353.65 and touched an intraday high and low of Rs 2361.05 and Rs 2322.8, respectively, in the session so far. The stock of MphasiS Ltd. quoted a 52-week high of Rs 2550.95 and a 52-week low of Rs 1660.65.
As per BSE, the total market cap of the MphasiS Ltd. stood at Rs 43855.47 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 3325.54 crore for the quarter ended 30-Sep-2023, up 0.7 per cent from previous quarter's Rs 3302.36 crore and up 6.67 per cent from the year-ago quarter's Rs 3563.23 crore.
The net profit for latest quarter stood at Rs 391.95 crore, down 6.34 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 13.24 per cent stake in the firm, while foreign institutional investors held 16.6 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 27.31 and a price-to-book ratio of 4.27.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
MphasiS Ltd.
