Shares of MphasiS Ltd. traded 2.41% up in Thursday’s trade at 10:35AM (IST). The stock opened at Rs 2429.85 and touched an intraday high and low of Rs 2453.05 and Rs 2400.9, respectively. The company reported consolidated net sales of Rs 3392.19 crore for the quarter ended 31-Dec-2023, up 2.0% from the previous quarter’s Rs 3325.54 crore and up 4.34% from the year-ago quarter’s Rs 3546.19 crore. However, the net profit for the latest quarter stood at Rs 373.6 crore, down 9.38% from the corresponding quarter last year.
In terms of shareholding pattern, as of 31-Dec-2023, domestic institutional investors held 13.61% stake in the firm, while foreign institutional investors held 15.71% and the promoters 0.0%.
According to BSE data, the stock traded at a P/E multiple of 29.42 and a price-to-book ratio of 4.27. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
MphasiS Ltd. belongs to the IT Consulting & Software – Mid Cap industry.
