Mphasis shares up 1.85% as Nifty gains
MphasiS Ltd. traded 1.85 per cent up in Thursday's trade at 11:31AM (IST). Around 1,620 shares changed hands on the counter.
The stock opened at Rs 2165.85 and touched an intraday high and low of Rs 2183.6 and Rs 2160.45, 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.
As per BSE, the total market cap of the MphasiS Ltd. stood at Rs 41115.39 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 3325.54 crore for the quarter ended 30-Sep-2023, up 0.7 per cent from previous quarter's Rs 3302.36 crore and up 6.67 per cent from the year-ago quarter's Rs 3563.23 crore.
The net profit for latest quarter stood at Rs 391.95 crore, down 6.34 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, domestic institutional investors held 13.24 per cent stake in the firm, while foreign institutional investors held 16.6 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 25.61 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.
