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Mphasis Gains 3%; BSE IT Index Up 1.0%
Tue, 2 Jul 9:35

Mphasis Gains 3%; BSE IT Index Up 1.0%Image source: Nikada/www.istockphoto.com

Mphasis share price has zoomed 3% and is presently trading at Rs 2,555.7.

Meanwhile, the BSE IT index is at 38,000.1 (up 1.0%).

Among the top gainers in the BSE IT index today are INTELLECT DESIGN (up 2.2%) and Wipro (up 1.8%).

PERSISTENT SYSTEMS (down 0.6%) and Birlasoft (down 0.3%) are among the top losers today.

Over the last one year, Mphasis has moved up from Rs 1,848.5 to Rs 2,555.7, registering a gain of Rs 707.2 (up 38.3%).

On the other hand, the BSE IT index has moved up from 29,192.0 to 38,000.1, registering a gain of 30.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 168.2%), Birlasoft (up 103.5%) and ZENSAR TECHNOLOGIES (up 97.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,569.2 (up 0.1%).

The top gainers among the BSE Sensex today are Infosys (up 1.1%) and HCl Tech. (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,144.9 . ONGC and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,569.2, registering a gain of 15,653.7 points (up 24.5%).

Mphasis Financial Update...

Mphasis net profit fell 3.0% YoY to Rs 3,932 million for the quarter ended March 2024, compared to a profit of Rs 4,053 million a year ago. Net sales rose 1.5% to Rs 34,121 million during the period as against Rs 33,612 million in January-March 2023.

For the year ended March 2024, Mphasis reported 5.1% decrease in net profit to Rs 15,548 million compared to net profit of Rs 16,379 million during FY23. Revenue of the company fell 3.8% to Rs 132,785 million during FY24.

The current Price to earnings ratio of Mphasis, based on rolling 12 month earnings, stands at 31.1.

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