After suffering the brunt of profit booking in the previous session, the company recovered its lost ground on Tuesday. In the previous session, the company’s scrip crashed following reports of its plans to raise funds in light of its heavy debt position, however, a denial from the management salvaged the stocks.
Mphasis is currently trading at Rs 347.50, up by 1.75 points or 0.51% from its previous closing of Rs 345.75 on the BSE.
The scrip opened at Rs 350.00 and has touched a high and low of Rs 355.00 and Rs 342.00 respectively. So far 49888 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 378.00 and Rs 317.00 respectively. The current market cap of the company is Rs 7262.14 crore.
The promoters holding in the company stood at 60.50% while Institutions and Non-Institutions held 27.84% and 11.66% respectively.
In response to several media queries, Mphasis clarified that it has not entered into any transaction which requires it to leverage its cash and incur additional debt. The company’s cash and cash equivalent position remains strong and unchanged. The company has cash and cash equivalents of Rs 2338.50 crore on its balance sheet as on the last quarter ended 30 April 2012.
The company’s net profit after tax for the second quarter ended April 30, 2012 dipped by 34% at Rs 144.73 crore as compared to Rs 219.29 crore for the quarter ended April 30, 2011. Company’s total income has increased by 3.08% to Rs 901.53 crore for the quarter from Rs 874.59 crore for the April quarter of the previous year.
| Company Name | CMP |
|---|---|
| TCS | 4168.05 |
| Infosys | 1922.05 |
| HCL Tech. | 1911.20 |
| Wipro | 305.15 |
| Tech Mahindra | 1685.20 |
| View more.. | |
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