Mphasis shares 0.39% as Nifty gains

Shares of MphasiS Ltd. rose 0.39 per cent to Rs 2897.35 in Friday's trade. It hit an intraday high of Rs 2943.95 and low of Rs 2882.30, respectively, during the day.

The stock quoted a 52-week high price of Rs 3239.55 and low of Rs 2180.05.

As of 12:53PM (IST), the counter saw total traded volume of 2,487 shares with a traded value of Rs 0.73 crore, according to NSE.

The stock had closed at Rs 2908.90 in the previous session.

The scrip has -3.94 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.559999942779541 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 34.35 while price-to-book ratio stood at 5.13. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the IT Consulting & Software - Mid Cap industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 30-Sep-2024, while FII and MF ownership in the firm stood at 18.25 per cent and 24.32 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3594.8960 crore for the quarter ended 30-Sep-2024, 2.83 per cent from the previous quarter's Rs 3496.0070 crore and 8.1 per cent from the year-ago quarter's Rs 3325.5400 crore. Its net for the latest quarter stood at Rs 423.33 crore, 8.01 per cent from the same quarter a year ago.