Mphasis shares drop 0.9% as Sensex falls
A total of 2,153 shares changed hands on the counter till 12:18PM (IST)
Shares of traded 0.9 per cent down at Rs 2437.0 at 12:18PM (IST) on Tuesday, even as benchmark dropped 667.3 points to 72081.12. The scrip had closed at Rs 2459.3 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 2835.0 and Rs 1660.65, respectively.
As per BSE data, total traded volume on the counter till 12:18PM (IST) stood at 12:18PM shares with turnover at Rs 0.53 crore.
At the prevailing price, the stock trades at 29.37 times its trailing 12-month earnings per share of Rs 83.01 per share and 4.27 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.25.
Shareholding Details
Promoters held 55.52 per cent stake in the company as of 31-Dec-2023, while FIIs owned 15.72 per cent and DIIs 23.49 per cent.
Source: Stocks-Markets-Economic Times
