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
Explore Business Standard
HP said it would split into two listed companies and eliminate another 5,000 jobs as part of its turnaround plan
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".
First Published: Oct 07 2014 | 10:20 AM IST