Mphasis shares rise 1.35 per cent in Wednesday's trading session

Shares of MphasiS Ltd. rose 1.35 per cent to Rs 1824.0 in Wednesday's trade as of 01:07PM (IST) even as the benchmark Nifty ruled at 17538.65, up 140.6 points.

The scrip had closed at Rs 1799.75 in the previous session. The stock quoted a 52-week low of Rs 1664.25 and a high of Rs 3371.2. The company quoted a market-cap of Rs 33893.47 crore on the BSE.

On BSE, 9,895 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 20.86 times its trailing 12-month EPS of Rs 86.27 per share and 9.13 times its book value. The return on equity (ROE) stood at Rs 20.6.

Key Financials
For the quarter ended 31-Dec-2022, MphasiS Ltd. reported consolidated sales of Rs 3546.19 crore, down 12.42 per cent from the same quarter a year ago. The company reported 15.26 per cent YoY growth in net profit at Rs 412.27 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.