MphasiS continues northward journey

DALAL STREET SPIKES

Shares of MphasiS, one of the largest Business Process Outsourcing service providers in the country, rose 5.67 per cent on Friday to Rs 208.67, in what analysts termed "a continuation of the positive sentiment on the stock".

Earlier this week, the company pointed out that it had been included in the Global Outsourcing 100 list brought out by the International Association of Outsourcing Professionals (IAOP).

The stock gained nearly Rs 10 on Monday but lost nearly Rs 7 on Wednesday, only to continue its up move yesterday and on Friday. In all, the stock has gained nearly Rs 25 since it opened on Monday.