Share price of Mphasis falls as Sensex gains 12.38 points

Share price of MphasiS Ltd. dropped 1.56 per cent to Rs 2294.3 at 01:58PM (IST) in Monday's trade. The counter hit a high of Rs 2331.0 and low of Rs 2220.0 so far during the session. The stock had closed at Rs 2330.6 in the previous session.

The counter had a total traded volume of 01:58PM shares so far with a turnover of Rs 862.0 crore on BSE. The stock traded at a price-to-earnings multiple of 26.53 and a price-to-book ratio of 4.27.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 55.58 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 17.19 per cent and 20.83 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3302.36 crore for the quarter ended 30-Jun-2023, down 2.98 per cent from the previous quarter's Rs 3403.82 crore and down 4.19 per cent from the year-ago quarter's Rs 3446.86 crore.

Its profit for the latest quarter stood at Rs 396.05 crore, down 1.45 per cent from the same quarter a year ago.