Mphasis shares drop 0.24% as Sensex falls
The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of Rs 1660.65.
Shares of traded 0.24 per cent lower in Wednesday's session at 11:16AM (IST). The stock opened at Rs 2365.65 and has touched an intraday high and low of Rs 2424.75 and Rs 2365.65, respectively, during the session so far.The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of 1660.65. About 3,495 shares changed hands on the counter so far.
Benchmark Nifty50 was down 33.91 points at 21783.55, while the BSE traded 115.6 points lower at 71896.45 at the time of writing of this report.
In the pack, 23 stocks traded the day in the green, while 27 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 3392.19 crore, up 2.0 per cent from the previous quarter's Rs 3325.54 crore and up 4.34 per cent from the year-ago quarter. The company reported net profit of Rs 373.6 crore for the latest quarter.
Promoter Holdings
Promoters held 55.52 per cent stake in the company as of 31-Dec-2023, while FIIs held 15.72 per cent and MFs 13.61 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2361.42 on March 20, while the 50-DMA was at Rs 2583.95. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
