Shares of Mphasis rise as Nifty drops

Shares of MphasiS Ltd. gained 0.41 per cent to Rs 2056.0 in Thursday's trade as of 10:36AM (IST). It hit a high of Rs 2061.1 and low of Rs 2027.85 during the session.

The stock quoted a 52-week high price of Rs 3466.4 and a low of Rs 1897.35. The return on equity for the stock stood at 20.6 per cent. About 4,169 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.25.

The scrip has been an underperformer, down 33.42 per cent in the past one year in comparison with a 0.76 per cent fall in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1897.35 on January 19, while the 50-DMA was at Rs 1999.61. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 55.72 per cent stake in MphasiS Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 13.22 per cent and 20.48 per cent stake.