MphasiS shares down on HP revenue concerns

HP said it would split into two listed companies and eliminate another 5,000 jobs as part of its turnaround plan

Reuters
Last Updated : Oct 07 2014 | 10:43 AM IST

Shares in MphasiS Ltd down 2.9%. Analysts say there are concerns over revenues that the company gets from Hewlett-Packard .

HP said it would split into two listed companies and eliminate another 5,000 jobs as part of its turnaround plan.

HP owns 60% stake in MphasiS.

Separately, Macquarie downgraded the stock to "underperform" from "outperform".

 

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First Published: Oct 07 2014 | 10:20 AM IST

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