Mphasis shares rise 3.03 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 49.1 on Monday.
Shares of rose 3.03 per cent to Rs 2368.0 in Monday's trade as of 09:59AM (IST) even as the benchmark ruled at 22443.9, up 23.96 points.The scrip had closed at Rs 2298.35 in the previous session. The stock quoted a 52-week low of Rs 1753.0 and a high of Rs 2835.0. The company quoted a market-cap of Rs 43399.07 crore on the .
On BSE, 17,331 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 26.98 times its trailing 12-month EPS of Rs 82.27 per share and 5.13 times its book value. The return on equity (ROE) stood at Rs 17.67.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 3476.23 crore, up 2.13 per cent from the same quarter a year ago. The company reported 2.98 per cent YoY de-growth in net profit at Rs 393.22 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.
Source: Stocks-Markets-Economic Times
