Shares of Mphasis fell over 4% on Friday even after the IT firm reported a ten.8% enhance in consolidated internet revenue to Rs 325.5 crore for the December 2020 quarter from Rs 293.6 crore within the year-ago interval.
Following the outcome replace, the inventory price of Mphasis opened with a lack of 2.16% at Rs 1,006. The inventory touched an intraday low of Rs 1,523.9, falling 4.74% on BSE. However, later, the inventory additionally hit day’s excessive of Rs 1,616.65, as in opposition to the final shut of Rs 1,599.80.
Mphasis inventory is buying and selling increased than 50, 100 and 200-day however decrease than 5, 20-day transferring averages.
Mphasis inventory has risen 4% in a single week.
Market capitalisation of Mphasis stood at Rs 29,891.84 crore. The inventory has touched a 52-week excessive of Rs 1,734.50 and a 52-week low of Rs 612.05. Mphasis inventory, with Rs 10 face worth has risen 12% in a single month, 3% 12 months so far and 780% in a single 12 months.
The IT main reported a 8.68% YoY progress in its consolidated revenues at Rs 2,474.39 crore in December quarter from Rs 2,276.7 crore a 12 months in the past.
Mphasis earnings per share (EPS) grew 10.7 per cent year-on-year to Rs 17.44.
“We are happy with the ends in a seasonally weak quarter and stay obsessed with our pipeline. As a client-centric organisation, Mphasis continues to remain obsessive about every buyer’s agenda. We are targeted on staying in keeping with our efficiency whereas persevering with to maintain our purchasers’ transformation wants on the centre of our technique and execution,” mentioned Mphasis CEO and Executive Director Nitin Rakesh.
Mphasis inventory closed flat at Rs 1,600, rising 0.90 factors or 0.06% on BSE.
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