Mphasis shares drop 0.24% as Sensex rises

economictimes.indiatimes.com:

MphasiS Ltd. traded 0.24 per cent lower in Friday's session at 11:46AM (IST). The stock opened at Rs 2399.85 and has touched an intraday high and low of Rs 2410.55 and Rs 2383.1, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of 1807.0. About 2,844 shares changed hands on the counter so far.

Benchmark Nifty50 was up 5.15 points at 22972.8, while the BSE Sensex traded 23.83 points higher at 75441.87 at the time of writing of this report.
In the Nifty pack, 21 stocks traded the day in the green, while 29 were in the red.

Key Financials For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 3476.23 crore, up 2.48 per cent from the previous quarter's Rs 3392.19 crore and up 2.13 per cent from the year-ago quarter. The company reported net profit of Rs 393.22 crore for the latest quarter.
Promoter Holdings Promoters held 55.45 per cent stake in the company as of 31-Mar-2024, while FIIs held 14.84 per cent and MFs 13.88 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2435.94 on May 24, while the 50-DMA was at Rs 2364.83. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.