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    Mphasis shares up 1.17% as Nifty gains

    Synopsis

    A total of 2,811 shares changed hands on the counter till 10:25AM (IST).

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    NEW DELHI: Shares of MphasiS Ltd. traded 1.17 per cent up in Monday's trade at 10:25AM (IST). Around 2,811 shares changed hands on the counter.

    The scrip opened at Rs 1852.05 and touched an intraday high and low of Rs 1879.1 and Rs 1851.7, respectively, in the session so far. Shares of the company of MphasiS Ltd. quoted a 52-week high of Rs 2616.0 and a 52-week low of Rs 1660.65.

    Total market cap of the MphasiS Ltd. stood at Rs 34886.04 crore at the time of writing this report.

    Key Financials
    The company reported consolidated 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, domestic institutional investors 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 21.27 and a price-to-book ratio of 4.27. 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.
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