Mphasis shares down 0.38% as Sensex falls

The stock opened at Rs 2379.8 and has touched an intraday high and low of Rs 2405.45 and Rs 2365.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 28.75, earnings per share (EPS) of Rs 83.01 and price to book value (PB) of 4.27, while the return on equity (ROE) stood at Rs 20.64.

Promoter/ FII Holding
The promoters held 55.52 per cent stake in the company as of March 26, while FII and MF ownerships stood at 15.72 per cent and 13.61 per cent, respectively.

Key Financials
With a market capitalisation of Rs 45054.2 crore, the company operates in the IT Consulting & Software - Mid Cap industry. 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 same quarter a year ago. The company reported net profit of Rs 373.6 crore for the latest quarter, down 9.38 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 37.9. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.