Mphasis News

Participation in HDFC Securities IT Sector Conference

On the technical charts, the RSI of the stock stood at 66.91.

Nifty's IT index jumped 1.6% to record levels on Wednesday, while the benchmark indices ended 0.1% higher in a rollercoaster trading session. LTI Mindtree jumped 6.31%, followed by Wipro which gained 3.71%. L&T Technology Services, Coforge, Infosys, Persistent and Mphasis were up 1.3-3.6%.

Bharti Airtel and IndiGo stocks soared to new all-time highs on Wednesday, with Bharti Airtel reaching Rs 1,545.85 (up 1.5%) and IndiGo climbing to Rs 4,944.60 (up 4.2%). Other stocks hitting their 52-week highs include IEX, ICICI General Insurance, Indian Hotels, Lupin, MCX, and SBI Life Insurance Company.

A total of 10,372 shares changed hands on the counter till 10:51AM (IST).

Allotment of 73375 equity shares against exercise of stock options.

On the technical charts, the 200-day moving average of the stock stood at Rs 2526.38.

The stock quoted a 52-week high of Rs 3152.3 and a 52-week low of Rs 2068.45.

The Sensex and Nifty50 rose on Monday, buoyed by gains in financial and IT stocks after U.S. Federal Reserve Chair Jerome Powell hinted at upcoming interest rate cuts. Major gainers included Tech Mahindra and TCS, while sectors such as IT and Financial Services saw growth. Conversely, FMCG and Pharma sectors experienced declines.

The stock traded at a P/E multiple of 36.29, while the price-to-book value ratio stood at 5.13.

The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.

Certified true copy of minutes of Annual General Meeting held on 25 July 2024

The stock quoted a 52-week high price of Rs 3123.3 and a 52-week low of Rs 2068.45.

Mphasis Limited has informed the exchange about copy of Newspaper publication confirming dispatch of Postal Ballot Notice

Despatch of Postal Ballot Notice for seeking approval of the shareholders for appointment of Mr. Girish Paranjpe as an Independent Director of the Company by means of Special Resolution

In 2024, promoter sales exceeded Rs 1 lakh crore. Data from ETMarkets and Prime Database reveal that promoters of over 250 companies have sold stakes totaling approximately Rs 97,000 crore through bulk and block deals. Promoters of listed companies have also offloaded stakes through the OFS route which accounts for another Rs 7,300 crore.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 18.32 per cent and domestic institutional investors had 22.75 per cent.

Technical analysts noted a strong bounceback in Nifty, predicting further upward momentum. Stocks such as Vedanta and Hindustan Copper formed bullish setups. Investors are advised to focus on IT and FMCG sectors, while considering partial profits in pharma. Positive trends were also seen in metal and banking sectors.

Markets bounced back on Friday, gaining almost 1.5% amid positive global cues. Attention will be on Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, and Polyplex Corp due to key updates like resignations, acquisitions, and new appointments. DCX Systems received notable orders of Rs 107 crore from domestic and overseas clients.

Change in Director

Change in CFO

The Sensex gained over 1,300 points while the Nifty crossed 24,500 on Friday, driven by positive global cues and strong US economic data. Information technology stocks significantly contributed to the rally. Market capitalization on BSE saw a notable increase. The easing of US inflation and robust retail sales helped improve market sentiment globally.

A total of 1,489 shares changed hands on the counter till 11:16AM (IST)

As a result of this inclusion, RVNL is expected to attract passive fund inflows amounting to $219 million, while Vodafone Idea may receive an estimated $278 million, according to projections by the domestic brokerage firm Nuvama Alternative & Quantitative Research.

A total of 2,614 shares changed hands on the counter till 10:40AM (IST)

A total of 2,755 shares changed hands on the counter till 12:43PM (IST)

A total of 6,472 shares changed hands on the counter till 01:09PM (IST).

At the start of the week, when the global markets were reeling under the pressure of unwinding of Yen carry trade, it was the IT stocks which were able to handle the pressure well. Was it an arbitrary reaction of the street, or the fact is that the unwinding of “ Yen carry trade” and the strength of Japanese Yen is a positive for select Indian IT companies. Probably the second one. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Participation in the Emkay Confluence 2024, investor meet/conference organized by EMKAY Global

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 18.32 per cent and domestic institutional investors had 22.75 per cent.

Grant of 26000 stock options under ESOP 2016 Plan and 7000 restricted stock units under RSU 2021 Plan effective 2 August 2024

The stock traded at a P/E multiple of 31.81, while the price-to-book value ratio stood at 5.13.

A total of 14,746 shares changed hands on the counter till 02:05PM (IST)

ALLOTMENT OF 4650 EQUITY SHARES AGAINST EXERCISE OF STOCK OPTIONS

There has been an age-old debate when it comes to investing. Does equal weight strategy or differential weight strategy work better? In equal weight, if you have to invest Rs 100, you will allocate Rs 20 to each stock. In differential weight, one may allocate Rs 50 to one stock, Rs 20 to another, and then remaining Rs 30 to 3 others. Both have their advantages and disadvantages. The equal weightage probably works better at time of investing in a sector and that too when there is a structural change taking place. In the IT sector, the winner of AI is still unknown, so it will be better to go for an equal weight strategy with the right mix of stocks.

Mphasis Limited has informed the Exchange regarding Transcript of 33rd AGM

A total of 3,370 shares changed hands on the counter till 11:52AM (IST).

Proceedings of 33rd Annual General Meeting

The stock quoted a 52-week high of Rs 3079.2 and a 52-week low of Rs 2068.45.

Earnings Call Transcript