Shares of Mphasis rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 2355.01.
Shares of gained 0.06 per cent to Rs 2480.45 in Friday's trade as of 10:40AM (IST). It hit a high of Rs 2498.2 and low of Rs 2462.0 during the session.The stock quoted a 52-week high price of Rs 2835.0 and a low of Rs 1660.65. The return on equity for the stock stood at 20.64 per cent. About 4,943 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.25.
The scrip has been an outperformer, up 30.67 per cent in the past one year in comparison with a 24.6 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1660.65 on March 15, while the 50-DMA was at Rs 2594.72. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 0.0 per cent stake in as of 31-Dec-2023. Mutual funds and foreign institutional investors held 13.61 per cent and 15.71 per cent stake.
Source: Stocks-Markets-Economic Times
