Mphasis Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Mphasis Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2539.9, up 3.39% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 24117.85. The Sensex is at 79416.19, up 0.49%. Mphasis Ltd has risen around 10.92% in last one month.

Meanwhile, Nifty IT index of which Mphasis Ltd is a constituent, has risen around 13.94% in last one month and is currently quoting at 36157.5, up 2.45% on the day. The volume in the stock stood at 8.38 lakh shares today, compared to the daily average of 27.05 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 2548.95, up 3.17% on the day. Mphasis Ltd is up 33.44% in last one year as compared to a 24.82% spurt in NIFTY and a 25.89% spurt in the Nifty IT index.

The PE of the stock is 32.1 based on TTM earnings ending March 24.

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Mphasis has granted 51,520 options and 12,880 RSUs under ESOP on 24 June 2024.

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Mphasis will hold a meeting of the Board of Directors of the Company on 25 July 2024.

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Mphasis announced that it has adopted HPE GreenLake cloud with HPE Alletra Storage to accelerate IT transformation for its healthcare clients. This technology aims to accelerate the company's cloud journey while strengthening security environment to improve healthcare operations, ensuring high performance, reliability, and scalability.

HPE Alletra enables enterprises to run every workload without compromise through a cloud operational experience, whether at the edge or in the cloud. HPE technologies host Mphasis's Javelina platform, which houses provider and member data. Mphasi offers a comprehensive healthcare solution tailored for payer core administrative processing. This solution equips the back-office operations of healthcare payers, including health plans, self-insured third party administrators, and government programs.

HPE Alletra has helped Mphasis expand storage capacity with improved performance and enhanced flexibility in migrating customer workloads with encryption at rest, while advanced management tools have increased process efficiencies for IT and infrastructure. These tools also improve storage facility management and monitoring. Additionally, utilization insights gained from these tools support better future planning and optimization.

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