Mphasis shares drop 2.81% as Sensex falls
MphasiS Ltd. traded 2.81 per cent down at Rs 2564.95 at 01:39PM (IST) on Monday, even as BSE benchmark Sensex dropped 419.68 points to 71606.47.
The stock had settled at Rs 2639.2 in the previous session.
The stock quoted a 52-week high price of Rs 2788.35 and 52-week low of Rs 1660.65, respectively. As per BSE data, total traded volume on the counter till 01:39PM (IST) stood at 10315 shares with a turnover of Rs 2.66 crore.
At the current price, the stock traded at 30.17 times its trailing 12-month EPS of Rs 85.14 per share and 4.27 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.25.
Shareholding Details
Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 16.6 per cent and DIIs 13.24 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 49.43. The RSI oscillates between zero and 100.
