Mphasis share price down 0.72 per cent

Shares of . traded 0.72 per cent up at Rs 2101.65 at around 11:17AM (IST) on Wednesday. The stock had closed at Rs 2116.9 in the previous session. Equity benchmark Sensex traded 574.38 points lower at 60404.37 around the same time.


The scrip has declined 31.42 per cent in the last one year till date, while the 30-share index has gained 2.31 per cent during the same period.

The stock's 52-week high price stood at Rs 3466.4 and the 52-week low price at Rs 1897.35.

Trading volume on the counter stood at 2,471 shares, while it quoted a price-to-earnings ratio of 24.38, an EPS value of 86.27 and a price-to-book value of 9.13. In the Nifty50 pack, 5 stocks traded in the green, while 44 stocks were in the red.

Promoter/FII Holding
Promoters held 55.65 per cent stake in the company as of 31-Dec-2022, while FII and mutual funds' ownership stood at 18.89 per cent and 12.55 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2022, the company reported consolidated sales of Rs 3546.19 crore, down 0.48 per cent from the previous quarter's Rs 3563.23 crore and down 12.42 per cent from the year-ago quarter's Rs 3154.36 crore. The company reported net profit of Rs 412.27 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.