Shares of Mphasis rise as Nifty gains

Shares of MphasiS Ltd. gained 0.88 per cent to Rs 3042.75 in Thursday's trade as of 10:25AM (IST). It hit a high of Rs 3051.0 and low of Rs 3024.0 during the session.

The stock quoted a 52-week high price of Rs 3186.95 and a low of Rs 2068.45. The return on equity for the stock stood at 17.67 per cent. About 1,143 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, up 22.26 per cent in the past one year in comparison with a 25.85 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2068.45 on September 26, while the 50-DMA was at Rs 2957.18. 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 30-Jun-2024. Mutual funds and foreign institutional investors held 22.75 per cent and 18.32 per cent stake.