Share price of Mphasis rises as Nifty weakens
A total of 2,623 shares changed hands on the counter till 10:50AM (IST).
Shares of gained 0.44 per cent to Rs 2331.75 in Tuesday's trade as of 10:50AM (IST). The stock hit a high price of Rs 2341.95 and low of Rs 2314.35 during the session.The return on equity (ROE) for the stock stood at 17.67 per cent. Traded volume on the counter stood at 10:50AM shares and turnover at Rs 0.62 crore around that time. The stock of quoted a 52-week high price of Rs 2835.0 and 52-week low prices of Rs 1807.0, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.25.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2024, while FIIs held 14.84 per cent and domestic institutional investors had 13.88 per cent.
Key Financials
The company reported consolidated sales of Rs 3476.23 crore for the quarter ended 31-Mar-2024, up 2.48 per cent from previous quarter's Rs 3392.19 crore and up 2.13 per cent from the year-ago quarter's Rs 3403.82 crore. Net profit after tax for the latest quarter stood at Rs 393.22 crore, down 2.98 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
Source: Stocks-Markets-Economic Times
