Share price of Mphasis jumps as Sensex drops 731.35 points
MphasiS Ltd. gained 1.85 per cent to Rs 2255.0 at 11:20AM (IST) in Friday's trade. The counter hit a high of Rs 2303.0 and low of Rs 2105.05 so far during the session.
The stock had closed at Rs 2214.15 in the previous session. The counter had a total traded volume of 11:20AM shares so far with a turnover of Rs 2228.0 crore on BSE. The stock traded at a price-to-earnings multiple of 25.96 and a price-to-book ratio of 4.27.
A higher price-to-earnings 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.
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