Trending stocks: Mphasis shares gain 2% in early session

NEW DELHI: Shares of Mphasis traded 1.91 per cent up in Tuesday 's trade at 10:08 am (IST).

Around 29501 shares changed hands on the counter. The stock opened at Rs 690.0 and touched an intraday high and low of Rs 697.7 and Rs 677.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1183.0 and a 52-week low of Rs 635.0 .

Investec has maintained buy rating on Mphasis and cut target price to Rs 990 from Rs 1,130. Mphasis has not seen any specific impact in the near term from the Covid-19 crisis, said Investec.

Financials
MphasiS Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 12536.14 Crore) operating in IT Software sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 2276.72 Crore, up 5.50 % from last quarter Sales of Rs 2158.11 Crore and up 15.51 % from last year same quarter Sales of Rs 1970.96 Crore Company reported net profit after tax of Rs 293.60 Crore in latest quarter.

Mphasis Ltd. key Products/Revenue Segments include Computer Software which contributed Rs 3434.02 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

Valuation ratio
It quoted a price-to-earnings ratio of 11.8 and price to book value of 2.47 .