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Mphasis shares fall 0.56% as Nifty gains

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August 29, 2023
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Mphasis shares  fall  0.56% as Nifty  gains
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Shares of MphasiS Ltd. traded 0.56 per cent down at Rs 2315.75 on Tuesday at around 12:28PM (IST), while the benchmark BSE Sensex advanced 111.66 points to 65108.26.

As many as 6,278 shares changed hands on the counter with a total value of Rs 146.0 crore.

The stock quoted a 52-week high price of Rs 2471.2 and a 52-week low of Rs 1660.65.

On the technical charts, the 200-DMA of the stock stood at Rs 2006.53, while 50-DMA was at Rs 2139.87. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 10.96 per cent in the past one year, while Sensex has risen 9.16 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 26.75 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the IT Consulting & Software – Mid Cap industry.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Tags: BSEfallgainsMphasismphasis ltdMphasis share priceNiftynsesensexsharesStocks in news
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