The stock was trading with volumes of 53,610 shares, compared to its five-day average of 35,580 shares, an increase of 50.67 percent.
Mphasis share price jumped 10 percent intraday on July 24 after the company reported a 3.9 percent increase in consolidated net profit for the June quarter.
The company reported a 3.9 percent increase in consolidated net profit at Rs 275.1 crore in the June 2020 quarter. Its net profit stood at Rs 264.6 crore in the year-ago period, Mphasis said in a regulatory filing.
Revenue from operations grew 10.9 percent to Rs 2,288.2 crore in the reported quarter from Rs 2,062.5 crore in the year-ago period, it added. The company said it registered $ 259 million worth of total contract value (TCV) wins in direct international business, including a $105-million deal.
The stock, which has risen more than 55 percent in the last three months, was trading at Rs 1,077.65, up Rs 97.90, or 9.99 percent at 1042 hours. It touched an intraday high of Rs 1,086.15.
The stock witnessed a spurt in volume by more than 1.78 times and was trading with volumes of 53,610 shares, compared to its five-day average of 35,580 shares, an increase of 50.67 percent.
"We have had our best quarter ever of deal wins, which, in the current environment, is a testament to the strength of our service offerings and the hard work of Mphasis teams. This sets us up nicely to keep Mphasis on the growth path this year and gain further market share," Mphasis Chief Executive Officer and Executive Director Nitin Rakesh said.
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Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish.
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