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Mphasis stock price: Mphasis stock price rises as Nifty strengthens.

Shares of MphasiS Ltd. rose 0.7% to Rs 2530.55 in Friday trading as of 11:16 am IST.

The stock hit a high of Rs 2570.55 and a low of Rs 2523.6 during the session.

The stock’s return on equity (ROE) was 20.64%. The trading volume on the counter at the time was 11.16 am for the stock and the turnover was Rs 1.04 crore.

The stock of MphasiS Ltd. hit its 52-week high and 52-week low of Rs 2788.35 and Rs 1660.65 respectively.

The counter’s beta, which measures volatility relative to the broader market, was found to be 0.25.

Promoter/FII holdings
As of September 30, 2023, promoters held 55.57% of the company’s shares, foreign investors held 16.6% and domestic institutional investors held 22.25%.

main financial
The company reported consolidated revenue of Rs 3325.54 crore for the quarter ended September 30, 2023, up 0.7% from Rs 3302.36 crore in the previous quarter and 6.67% up from Rs 3563.23 crore in the year-ago quarter.

Net profit after tax in the latest quarter was Rs 391.95 crore, down 6.34% year-on-year.

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