MPHASIS Share Price Down by 5%; BSE IT Index Down 2.2%

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MPHASIS Share Price Down by 5%; BSE IT Index Down 2.2%
Thu, 24 Sep 10:35 AM

MPHASIS share price has plunged 5% and is presently trading at Rs 1,377.

Meanwhile, the BSE IT Index is at 19,804 (down 2.2%).

Among the top losers in the BSE IT Index today is MPHASIS (down 5.2%).

ECLERX SERVICES (up 1.2%) is among the top gainer today.

Over the last one year, MPHASIS has moved up from Rs 957 to Rs 1,377, registering a gain of Rs 420 (up 43.8%)..

The BSE IT has moved up from 15,067 to 19,804, registering a gain of 4,737 points (up 31.4%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were PERSISTENT SYSTEMS (up 96.0%), TATA ELXSI (up 81.4%) and INFIBEAM AVENUES (up 79.8%).

New Opportunity: India's #1 Defence Stock

What About the Benchmark Indices?

The BSE Sensex is at 37,304 (down 1.7%). The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 0.5%). The most traded stocks in the BSE Sensex are KOTAK MAHINDRA BANK.

In the meantime, NSE Nifty is at 11,015 (down 1.7%). BHARTI INFRATEL (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,090 to 37,304, registering a loss of 1,786 points (down 5.25%).

MPHASIS Financial Update...

MPHASIS net profit stood at Rs 4 billion for the quarter ended March 2020, compared to a profit of Rs 3 billion a year ago. Net Sales rose 3.0% to Rs 23.5 billion during the period as against Rs 22.8 billion in January-March 2019.

For the year ended March 2019, MPHASIS reported 26.2% increase in net profit to Rs 10.7 billion compared to net profit of Rs 8.5 billion during FY18.

Revenue of the company grew 18.1% to Rs 77 billion during FY19.

The current Price to earnings ratio of MPHASIS, based on rolling 12 month earnings, stands at 20.6x.



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