Mphasis shares up 1.61% as Nifty drops
MphasiS Ltd. traded 1.61 per cent up in Thursday's trade at 10:30AM (IST). Around 9,661 shares changed hands on the counter.
The stock opened at Rs 2256.0 and touched an intraday high and low of Rs 2307.0 and Rs 2228.05, respectively, in the session so far. The stock 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 43245.41 crore at the time of writing this report.
Key Financials The company reported consolidated 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 same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 13.24 per cent stake in the company, while foreign institutional investors held 16.6 per cent and the promoters 55.57 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 26.5 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.
