Mphasis shares up 0.3% as Nifty gains
MphasiS Ltd. traded 0.3 per cent up in Friday's trade at 01:59PM (IST). Around 9,098 shares changed hands on the counter.
The stock opened at Rs 2471.65 and touched an intraday high and low of Rs 2497.2 and Rs 2459.45, respectively, in the session so far. Shares of the company of MphasiS Ltd. quoted a 52-week high of Rs 2550.95 and a 52-week low of Rs 1660.65.
Total market cap of the MphasiS Ltd. stood at Rs 46783.9 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 3302.36 crore for the quarter ended 30-Jun-2023, down 2.98 per cent from previous quarter's Rs 3403.82 crore and down 4.19 per cent from the year-ago quarter's Rs 3446.86 crore.
The net profit for latest quarter stood at Rs 396.05 crore, down 1.45 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Jun-2023, DIIs held 13.04 per cent stake in the firm, while foreign institutional investors held 17.19 per cent and the promoters 55.58 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 28.66 and a price-to-book ratio of 4.27.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
MphasiS Ltd.
