Mphasis is currently trading at Rs. 578.00, up by 5.30 points or 0.93% from its previous closing of Rs. 572.70 on the BSE.
The scrip opened at Rs. 584.70 and has touched a high and low of Rs. 584.70 and Rs. 575.60 respectively. So far 3513 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 621.75 on 27-Jun-2016 and a 52 week low of Rs. 425.00 on 07-Nov-2016.
Last one week high and low of the scrip stood at Rs. 595.65 and Rs. 568.25 respectively. The current market cap of the company is Rs. 12181.40 crore.
The promoters holding in the company stood at 60.42%, while Institutions and Non-Institutions held 30.96% and 8.62% respectively.
Mphasis, a leading Information Technology (IT) services provider, has decided to buyback 1.73 crore equity shares (representing 8.26% of fully paid up capital) worth about Rs 1,103 crore. The proposal to buy back 17,370,078 equity shares at a price not exceeding Rs 635 per share has been approved by shareholders.
Mphasis has reported 48.61% rise in its net profit at Rs 176.61 crore for the quarter under review as compared to Rs 118.84 crore for the same quarter in the previous year. Total income of the company increased by 9.25% at Rs 833.57 crore for the quarter under review as compared to Rs 763.00 crore for the corresponding quarter previous year.