Share price of Mphasis jumps as Sensex gains 69.81 points
MphasiS Ltd. gained 1.03 per cent to Rs 3159.0 at 11:36AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 3170.0 and low of Rs 3112.4 so far during the session. The stock had closed at Rs 3126.6 in the previous session.
The counter has had a total traded volume of 3918 shares so far with a value of Rs 1.22 crore on the NSE. It traded at a price-to-earnings multiple of 38.34 and a price-to-book ratio of 5.13.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 26.77 per cent during the past one year, while the 30-share index advanced 22.43 per cent during the same period.
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