Mphasis shares up 2.41% as Nifty gains
A total of 2,443 shares changed hands on the counter till 10:35AM (IST).
NEW DELHI: Shares of traded 2.41 per cent up in Thursday's trade at 10:35AM (IST). Around 2,443 shares changed hands on the counter.The stock opened at Rs 2429.85 and touched an intraday high and low of Rs 2453.05 and Rs 2400.9, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 2835.0 and a 52-week low of Rs 1660.65.
As per , the total market cap of the . stood at Rs 46095.24 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 3392.19 crore for the quarter ended 31-Dec-2023, up 2.0 per cent from previous quarter's Rs 3325.54 crore and up 4.34 per cent from the year-ago quarter's Rs 3546.19 crore.
The net profit for latest quarter stood at Rs 373.6 crore, down 9.38 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 13.61 per cent stake in the firm, while foreign institutional investors held 15.71 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 29.42 and a price-to-book ratio of 4.27. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
. belongs to the IT Consulting & Software - Mid Cap industry.
Source: Stocks-Markets-Economic Times