Mphasis shares up 0.33% as Nifty gains
MphasiS Ltd. traded 0.33 per cent up in Monday's trade at 01:18PM (IST). Around 13,699 shares changed hands on the counter.
The counter opened at Rs 1875.05 and touched an intraday high and low of Rs 1886.95 and Rs 1850.5, respectively, in the session so far. Shares of the company of MphasiS Ltd. quoted a 52-week high of Rs 2444.75 and a 52-week low of Rs 1660.65.
As per BSE, the total market cap of the MphasiS Ltd. stood at Rs 35526.6 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 3403.82 crore for the quarter ended 31-Mar-2023, down 4.01 per cent from previous quarter's Rs 3546.19 crore and down 2.62 per cent from the year-ago quarter's Rs 3316.82 crore. The net profit for latest quarter stood at Rs 405.31 crore, up 3.38 per cent from the same quarter a year ago.Shareholding pattern As of 31-Mar-2023, domestic institutional investors held 13.1 per cent stake in the firm, while foreign institutional investors held 17.72 per cent and the promoters 0.0 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 21.69 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.
Read more on economictimes.indiatimes.com
