Mphasis moves up on opening Innovation Hub for Mphasis Europe in London

11 Sep 2024 Evaluate

Mphasis is currently trading at Rs. 3097.20, up by 16.20 points or 0.53% from its previous closing of Rs. 3081.00 on the BSE.

The scrip opened at Rs. 3081.05 and has touched a high and low of Rs. 3109.15 and Rs. 3071.30 respectively. So far 5299 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3164.40 on 03-Sep-2024 and a 52 week low of Rs. 2068.45 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 3141.85 and Rs. 2974.00 respectively. The current market cap of the company is Rs. 58347.75 crore.

The promoters holding in the company stood at 40.35%, while Institutions and Non-Institutions held 54.15% and 5.50% respectively.

Mphasis has opened its Innovation Hub for Mphasis Europe in London's iconic Tower 42 building. This strategic hub signifies Mphasis' commitment to pioneering Quantum technologies within the UK and globally. The facility will serve as a Centre of Excellence (CoE) for developing cutting-edge Quantum Computing, Quantum Cryptography and Artificial Intelligence (AI) solutions. These solutions will address critical industry challenges such as algorithmic underwriting, catastrophic risk modelling, and fraud detection. Mphasis' expertise will empower businesses in the UK and worldwide to leverage the transformative power of Quantum technologies.

Mphasis has steadily expanded its UK presence over the past years and aims to double the headcount over the next three years through the London innovation hub which marks the next chapter in this commitment. The centre will be a magnet for top local and international tech talent, fostering collaboration and driving innovation across diverse industries including banking, financial services, and insurance. This strategic move positions Mphasis to leverage the UK's rich talent pool, address evolving client needs and thrive within a supportive technological ecosystem.

Mphasis is a global service provider, delivering technology-based solutions across many sectors.

Mphasis Share Price

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