Share price of Mphasis falls as Nifty weakens
MphasiS Ltd. slipped 0.23 per cent to Rs 2357.2 in Thursday's trade as of 10:56AM (IST). The stock hit a high price of Rs 2376.4 and low of Rs 2338.9 during the session.
The return on equity (ROE) for the stock stood at 20.64 per cent. Traded volume on the counter stood at 10:56AM shares and turnover at Rs 5816.0 crore around that time. The stock of MphasiS Ltd.
quoted a 52-week high price of Rs 2444.75 and 52-week low prices of Rs 1660.65, respectively. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.25.Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while overseas investors held 17.19 per cent and domestic institutional investors had 13.04 per cent.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. Net profit after tax for the latest quarter stood at Rs 396.05 crore, down 1.45 per cent from the same quarter a year ago.Technicals The MACD signalled a bullish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
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