Mphasis shares up 2.04% as Nifty gains

NEW DELHI: Shares of MphasiS Ltd. traded 2.04 per cent up in Tuesday's trade at 10:20AM (IST). Around 10,066 shares changed hands on the counter.

The counter opened at Rs 1812.4 and touched an intraday high and low of Rs 1865.8 and Rs 1812.4, respectively, in the session so far. The stock of MphasiS Ltd. quoted a 52-week high of Rs 2871.0 and a 52-week low of Rs 1660.65.

Total market cap of the MphasiS Ltd. stood at Rs 34194.61 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3403.82 crore for the quarter ended 31-Mar-2023, down 4.01 per cent from previous quarter's Rs 3546.19 crore and down 2.62 per cent from the year-ago quarter's Rs 3316.82 crore.

The net profit for latest quarter stood at Rs 405.31 crore, up 3.38 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, DIIs held 13.1 per cent stake in the company, while foreign institutional investors held 17.72 per cent and the promoters 55.63 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 20.88 and a price-to-book ratio of 9.13. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

MphasiS Ltd. belongs to the IT Consulting & Software - Mid Cap industry.