Share price of Mphasis falls as Sensex drops 101.26 points

economictimes.indiatimes.com:

MphasiS Ltd. dropped 2.54 per cent to Rs 2280.0 at 02:06PM (IST) in Friday's trade. The scrip has hit a high of Rs 2327.4 and low of Rs 2254.15 so far during the session.

The stock had closed at Rs 2339.25 in the previous session. The counter has had a total traded volume of 8497 shares so far with a value of Rs 193.0 crore on the NSE. It traded at a price-to-earnings multiple of 26.23 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 reflects the price investors are willing to pay even for no growth in the business. The scrip declined 5.41 per cent during the past one year, while the 30-share index advanced 9.39 per cent during the same period.MphasiS Ltd.