Mphasis Share Price: Mphasis share price down 1.13 per cent

Shares of MphasiS Ltd. traded 1.13 per cent up at Rs 2216.3 at around 12:37PM (IST) on Thursday. The stock had closed at Rs 2241.85 in the previous session. Equity benchmark Sensex traded 13.86 points higher at 73866.8 around the same time. The scrip has climbed 25.86 per cent in the last one year till date, while the 30-share index has gained 23.45 per cent during the same period.

The stock’s 52-week high price stood at Rs 2835.0 and the 52-week low price at Rs 1735.0.

Trading volume on the counter stood at 4,266 shares, while it quoted a price-to-earnings ratio of 27.04, an EPS value of 82.91 and a price-to-book value of 4.27. In the Nifty50 pack, 29 stocks traded in the green, while 21 stocks were in the red.

Promoter/FII Holding
Promoters held 55.45 per cent stake in the company as of 31-Mar-2024, while overseas investor and mutual funds’ ownership stood at 14.84 per cent and 13.88 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 3392.19 crore, up 2.0 per cent from the previous quarter’s Rs 3325.54 crore and up 4.34 per cent from the year-ago quarter’s Rs 3546.19 crore. The company reported net profit of Rs 373.6 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.