MphasiS jumps after decent Q2 outcome

MphasiS rose 5.14% to Rs 706.75 at 12:14 IST on BSE after consolidated net profit rose 5.61% to Rs 197.69 crore on 4.47% increase in net sales to Rs 1604.69 crore in Q2 September 2017 over Q1 June 2017.

The result was announced after market hours yesterday, 26 October 2017.

Meanwhile, the S&P BSE Sensex was up 55.24 points, or 0.17% to 33,202.37.

On the BSE, 13,000 shares were traded in the counter so far, compared with average daily volumes of 13,923 shares in the past one quarter. The stock had hit a high of Rs 735 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 679.30 so far during the day. The stock hit a 52-week low of Rs 425 on 7 November 2016.

 

The stock had outperformed the market over the past one month till 26 October 2017, rising 13.12% compared with 6.38% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.74% as against Sensex's 2.59% rise. The scrip had also outperformed the market in past one year, rising 32.75% as against Sensex's 18.74% rise.

The large-cap company has equity capital of Rs 193.17 crore. Face value per share is Rs 10.

MphasiS is engaged in providing a suite of application development and infrastructure services and business process outsourcing solutions to clients around the world.

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