Shares of Mphasis soar as Sensex gains 50.63 points

Shares of MphasiS Ltd. rose 0.2 percent in Wednesday’s trade at 11:16AM (IST) to Rs. 2700.3 was done. During the counter session so far Rs. 2721.8 high and Rs. A low of 2691.0 was reached. In the previous session, the share was Rs. closed at 2694.9.

Over the counter on BSE Rs. The total traded volume of the stock till date at 11:16AM was 0.41 Crore with a turnover of Rs. The stock traded at a price-to-earnings multiple of 32.6 and a price-to-book ratio of 5.13.

A high P/E ratio indicates that investors are willing to pay a higher price for the earnings per rupee provided by the stock due to better future growth expectations.

Price-to-book value indicates the intrinsic value of a company and is a measure of the price that investors are willing to pay even if the business is not growing.

MphasiS Ltd. Belongs to IT Consulting and Software – Mid Cap industry.

Promoter/FII holding
As on 30-Jun-2024, promoters held 40.35 per cent stake in the company, while foreign investors and domestic institutional investors owned 18.31 per cent and 35.58 per cent respectively.

Chief Financial Officer

For the quarter ended 30-Jun-2024, the firm posted Rs. 3496.01 crore reported consolidated net sales, up from the previous quarter’s Rs. 3476.23 crore by 0.57 per cent from the year-ago quarter’s Rs. 6302 was 5.86 percent higher than that.

Its profit in the latest quarter was Rs. 404.51 crore, which is 2.14 percent higher than the same quarter a year ago.