Shares of Mphasis fall as Nifty drops

Shares of MphasiS Ltd. slipped 1.11 per cent to Rs 1925.6 in Thursday's trade as of 01:06PM (IST). It hit a high of Rs 1952.0 and low of Rs 1919.7 during the session.

The stock quoted a 52-week high price of Rs 2700.0 and a low of Rs 1660.65. The return on equity for the stock stood at 20.64 per cent. About 5,568 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 17.84 per cent in the past one year in comparison with a 13.35 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1660.65 on May 25, while the 50-DMA was at Rs 1831.4. 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 0.0 per cent stake in MphasiS Ltd. as of 31-Mar-2023. Mutual funds and foreign institutional investors held 13.1 per cent and 17.72 per cent stake.