Mphasis shares gain 1.25% as Sensex rises
MphasiS Ltd. traded 1.25 per cent higher in Friday's session at 10:25AM (IST).
The stock opened at Rs 2250.05 and has touched an intraday high and low of Rs 2277.5 and Rs 2245.4, respectively, during the session so far. The stock quoted a 52-week high of Rs 2444.75 and a 52-week low of 1660.65.
About 4,923 shares changed hands on the counter so far. Benchmark Nifty50 was up 95.65 points at 19477.3, while the BSE Sensex traded 323.86 points higher at 65564.54 at the time of writing of this report.
In the Nifty pack, 38 stocks traded the day in the green, while 12 were in the red.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 3302.36 crore, down 2.98 per cent from the previous quarter's Rs 3403.82 crore and down 4.19 per cent from the year-ago quarter. The company reported net profit of Rs 396.05 crore for the latest quarter.Promoter Holdings Promoters held 55.58 per cent stake in the company as of 30-Jun-2023, while FIIs held 17.19 per cent and MFs 13.04 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1980.9 on August 04, while the 50-DMA was at Rs 2004.87.
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.
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