Share price of Mphasis rises as Nifty strengthens
MphasiS Ltd. gained 4.2 per cent to Rs 2240.6 in Wednesday's trade as of 10:00AM (IST). The stock hit a high price of Rs 2272.6 and low of Rs 2190.0 during the session.
The return on equity (ROE) for the stock stood at 20.64 per cent. Traded volume on the counter stood at 10:00AM shares and turnover at Rs 1.42 crore around that time. The stock of MphasiS Ltd.
quoted a 52-week high price of Rs 2550.95 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-Sep-2023, while FIIs held 16.6 per cent and domestic institutional investors had 13.24 per cent.
Key Financials The company reported consolidated sales of Rs 3325.54 crore for the quarter ended 30-Sep-2023, up 0.7 per cent from previous quarter's Rs 3302.36 crore and up 6.67 per cent from the year-ago quarter's Rs 3563.23 crore. Net profit after tax for the latest quarter stood at Rs 391.95 crore, down 6.34 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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