Mphasis shares gain 1.0% as Sensex falls
MphasiS Ltd. traded 1.0 per cent higher in Wednesday's session at 10:30AM (IST). The stock opened at Rs 2140.8 and has touched an intraday high and low of Rs 2146.25 and Rs 2123.6, respectively, during the session so far.
The stock quoted a 52-week high of Rs 2550.95 and a 52-week low of 1660.65. About 1,260 shares changed hands on the counter so far.
Benchmark Nifty50 was down 25.2 points at 19054.4, while the BSE Sensex traded 106.54 points lower at 63768.39 at the time of writing of this report.
In the Nifty pack, 26 stocks traded the day in the green, while 24 were in the red.
Key Financials For the quarter ended 30-Sep-2023, the company reported consolidated sales of Rs 3325.54 crore, 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. The company reported net profit of Rs 391.95 crore for the latest quarter.
Promoter Holdings Promoters held 55.57 per cent stake in the company as of 30-Sep-2023, while FIIs held 16.6 per cent and MFs 13.24 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2089.78 on November 01, while the 50-DMA was at Rs 2376.66. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
