Share price of Mphasis falls as Sensex drops 213.83 points
MphasiS Ltd. dropped 2.2 per cent to Rs 2463.6 at 01:44PM (IST) in Wednesday's trade.
The scrip hit a high of Rs 2532.9 and low of Rs 2451.5 so far during the session. The stock had closed at Rs 2519.05 in the previous session.
The counter had a total traded volume of 01:44PM shares so far with a turnover of Rs 139.0 crore on BSE.
The stock traded at a price-to-earnings multiple of 28.46 and a price-to-book ratio of 4.27.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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. belongs to the IT Consulting & Software — Mid Cap industry.
Promotor/FII Holding Promoters held 55.58 per cent stake in the company as of 30-Jun-2023, while overseas investors and domestic institutional investors ownership stood at 17.19 per cent and 20.83 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 3302.36 crore for the quarter ended 30-Jun-2023, down 2.98 per cent from the previous quarter's Rs 3403.82 crore and down 4.19 per cent from the year-ago quarter's Rs 3446.86 crore.
Its profit for the latest quarter stood at Rs 396.05 crore, down 1.45 per cent from the same quarter a year ago.
