MPHASIS Share Price Up by 6%; BSE IT Index Up 0.3%

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MPHASIS Share Price Up by 6%; BSE IT Index Up 0.3%
Wed, 30 Sep 03:26 PM

MPHASIS share price has zoomed 6% and is presently trading at Rs 1,389.

Meanwhile, the BSE IT Index is at 20,100 (up 0.3%).

Among the top Gainers in the BSE IT Index today is MPHASIS (up 5.7%).

HCL TECHNOLOGIES (down 0.1%) and INFOSYS (down 0.2%) are among the top losers today.

Over the last one year, MPHASIS has moved up from Rs 961 to Rs 1,389, registering a gain of Rs 428 (up 44.6%).

On the other hand, the BSE IT has moved up from 15,670 to 20,100, registering a gain of 4,430 points (up 27.6%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were PERSISTENT SYSTEMS (up 134.9%), TATA ELXSI (up 89.9%) and MINDTREE (up 89.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,236 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 3.1%), TITAN (up 3.1%) and NESTLE (up 1.8%). Other gainers include HDFC (up 1.8%) and HDFC BANK (up 1.5%). The most traded stocks in the BSE Sensex are ITC and ONGC.

In the meantime, NSE Nifty is at 11,295 (up 0.1%). The top gainers in the NSE Nifty include GRASIM (up 3.2%), TECH MAHINDRA (up 2.8%) and TITAN (up 2.7%). Other gainers include SHREE CEMENT (up 2.0%) and DR. REDDYS LAB (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,667 to 38,236, registering a loss of 431 points (down 1.58%).

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 21.8x.



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