Mphasis shares drop 1.59% as Sensex rises
A total of 8,590 shares changed hands on the counter till 01:24PM (IST)
Shares of traded 1.59 per cent down at Rs 2431.15 at 01:24PM (IST) on Tuesday, even as benchmark gained 306.82 points to 73809.46. The scrip had closed at Rs 2470.45 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 01:24PM (IST) stood at 01:24PM shares with turnover at Rs 2.1 crore.
At the prevailing price, shares of the company trades at 29.36 times its trailing 12-month EPS 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
