Mphasis shares down 2.55% as Nifty falls
MphasiS Ltd. rose 2.55 per cent to Rs 2511.35 in Thursday's trade. It hit an intraday high of Rs 2579.0 and low of Rs 2493.7, respectively, during the day.
Want to take exposure to a sector which grows much faster than GDP
The stock quoted a 52-week high price of Rs 2788.35 and low of Rs 1660.65.
As of 02:00PM (IST), the counter saw total traded volume of 13,059 shares with a traded value of Rs 3.28 crore, according to NSE.
The stock had closed at Rs 2577.1 in the previous session.
The scrip has declined -8.34 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.5 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 29.5 while price-to-book ratio stood at 4.27. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the IT Consulting & Software — Mid Cap industry.
Promoter/FII Holding Promoters held 0.0 per cent stake in the company as of 31-Dec-2023, while FII and MF ownership in the firm stood at 15.71 per cent and 13.61 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 3325.54 crore for the quarter ended 30-Sep-2023, up 0.7 per cent from the previous quarter's Rs 3302.36 crore and up 6.67 per cent from the year-ago quarter's Rs 3563.23 crore. Its net profit for the latest quarter stood at Rs 391.95 crore, down 6.34 per cent from the same quarter a year ago.
