Mphasis shares down 0.9% as Nifty gains

NEW DELHI: Shares of MphasiS Ltd. traded 0.9 per cent down in Wednesday's trade at 01:09PM (IST). Around 2,505 shares changed hands on the counter.

The counter opened at Rs 2372.95 and touched an intraday high and low of Rs 2385.15 and Rs 2342.7, respectively, in the session so far. Shares of the company of MphasiS Ltd. quoted a 52-week high of Rs 2444.75 and a 52-week low of Rs 1660.65.

Total market cap of the MphasiS Ltd. stood at Rs 44228.06 crore at the time of writing this report.

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

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

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 13.04 per cent stake in the firm, while foreign institutional investors held 17.19 per cent and the promoters 55.58 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 27.1 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.