Mphasis gains on expanding existence in North America

05 Mar 2012 Evaluate

Mphasis is currently trading at Rs. 393.00, up by 2.00 points or 0.51% from its previous closing of Rs. 391.00 on the BSE.

The scrip opened at Rs. 392.00 and has touched a high and low of Rs. 395.40 and Rs. 392.00 respectively. So far 2,634 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 488.40 on 08-Jun-2011 and a 52 week low of Rs. 277.00 on 17-Nov-2011.

Last one week high and low of the scrip stood at Rs. 439.00 and Rs. 381.55 respectively. The current market cap of the company is Rs. 8,254.00 crore.

The promoters holding in the company stood at 60.52% while Institutions and Non-Institutions held 26.98% and 12.50% respectively.

Mphasis, a leading IT services provider has entered into memorandum of understanding (MOU) to set up a near shore centre at Charlotte Town in Prince Edward Island (PEI), Canada to serve the North America Region. Located in the same time Zone, with an hour time difference separating it from New York City, Mphasis’ PEI center will play a strategic role in the company’s operations in the North America region.

The new system facilitates to grow 300 employees in the next two years from current 100 employees.  The center will serve local customers, especially catering to the banking and capital markets hub. Employees at the PEI centre will be a part of the Mphasis Global Delivery Network and will develop and deploy integrated business solutions around application services, business process outsourcing and infrastructure management.

Mphasis has reported 18.45% fall in its consolidated net profit to Rs 184.84 crore for the first quarter ending January 31, 2012. The company had posted a net profit of Rs 226.67 crore in the corresponding period last year. Consolidated revenues of the company rose by 10% to Rs 1,367.18 crore from Rs 1,233.50 crore in the same period last year.

Mphasis Share Price

2948.55 -169.40 (-5.43%)
20-Dec-2024 16:59 View Price Chart
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