Mphasis shines on unveiling ISM to automate processing of new insurance applications

10 Jun 2013 Evaluate

Mphasis is currently trading at Rs. 445.75, up by 1.90 points or 0.43% from its previous closing of Rs. 443.85 on the BSE.

The scrip opened at Rs. 445.00 and has touched a high and low of Rs. 455.00 and Rs. 444.10 respectively. So far 4706 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 513.00 on 30-May-2013 and a 52 week low of Rs. 335.00 on 13-Feb-2013.

Last one week high and low of the scrip stood at Rs. 502.10 and Rs. 436.00 respectively. The current market cap of the company is Rs. 9391.88 crore.

The promoters holding in the company stood at 60.49% while Institutions and Non-Institutions held 29.83% and 9.68% respectively.

Global service provider MphasiS has introduced a new technology, Insurance Sales Modernization (ISM), to allow life insurance and annuity sales executives to process new insurance applications electronically, using their natural handwriting. The new application is designed to reduce the time and cost of submitting new applications, ISM will enable carriers to process new applications quickly and lower Not-In-Good Order (NIGO) rates, while allowing agents to complete applications in their preferred method using paper and digital pen or tablets.

Mphasis is a $1 billion global service provider, delivering technology based solutions to clients across the world. Mphasis services clients in banking and capital markets, insurance, manufacturing, communications, media & entertainment, healthcare & life sciences, transportation and logistics, retail and consumer packaged goods, energy & utilities, and governments around the world.

Mphasis Share Price

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