Mphasis stock price down 3.37 per cent as Sensex slides

Shares of MphasiS Ltd. fell 3.37 per cent to Rs 1891.85 at 01:32PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 38,096 shares with a turnover of Rs 7.32 crore till 01:32PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 21.92, while the price-to-book value ratio stood at 9.13.

Return on equity (ROE) was at 20.6 per cent, according to exchange data. The stock hit an intraday high of Rs 1972.15 and a low of Rs 1887.0 during the session and quoted a 52-week high price of Rs 3466.4 and a 52-week low of Rs 1887.0.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.25.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 2137.9 on March 14, while the 50-DMA was at Rs 2082.99. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 30.71. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2022, promoters held 55.65 per cent stake in the company, while overseas investors held 18.89 per cent and domestic institutional investors had 19.32 per cent.