Shares of Mphasis rise as Nifty gains

Shares of Mphasis rise as Nifty gains
ETMarkets.com
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 2437.89.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of . gained 0.22 per cent to Rs 2075.45 in Thursday's trade as of 01:14PM (IST). It hit a high of Rs 2080.25 and low of Rs 2055.5 during the session.

The stock quoted a 52-week high price of Rs 3476.6 and a low of Rs 1898.1. The return on equity for the stock stood at 20.6 per cent. About 4,449 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 underperformer, down 33.76 per cent in the past one year in comparison with a 10.11 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1898.1 on December 08, while the 50-DMA was at Rs 2037.97. 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 55.72 per cent stake in MphasiS Ltd. as of 30-Sep-2022. Mutual funds and foreign institutional investors held 13.22 per cent and 20.48 per cent stake.
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