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Mphasis Limited (MPHASIS.BO)
BSE - BSE Real-time price. Currency in INR
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As of 10:35AM IST. Market open.
| Previous close | 2,455.35 |
| Open | 2,470.25 |
| Bid | 2,496.35 x 0 |
| Ask | 2,497.80 x 0 |
| Day's range | 2,460.00 - 2,501.30 |
| 52-week range | 1,850.50 - 2,835.00 |
| Volume | |
| Avg. volume | 27,387 |
| Market cap | 472.183B |
| Beta (5Y monthly) | 0.73 |
| PE ratio (TTM) | 30.55 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 55.00 (2.24%) |
| Ex-dividend date | 10 Jul 2024 |
| 1y target est | N/A |
- Reuters
India's mid-tier IT firms gain share from industry goliaths
Mid-tier firms in India's $254 billion information technology sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. Unlike their larger rivals such as Tata Consultancy Services and Infosys, mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects. LTIMindtree, Coforge, Mphasis and Persistent Systems are "increasingly viewed as challengers in (winning) Fortune 500 accounts, aiding the share gain process," Kotak Institutional Equities said.
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