Mphasis Ltd Share Price (MPHASIS)

Mphasis Signs Collaboration Agreement with AWS for Gen AI Foundry - 15 Apr, 2024

Mphasis has signed a multi-year global strategic collaboration agreement with Amazon Web Services (AWS) to launch Gen AI Foundry, led by Mphasis.AI, for the financial services industry. The foundry will facilitate the adoption of artificial intelligence in financial services firms, accelerating efficiencies and fostering business transformation.

Neutral ISG deal flow data for Indian IT firms - 12 Apr, 2024

Nuvama's Q1CY24 ISG deal flow data was overall neutral for Indian IT firms, with Managed Services soft and XaaS staging a strong recovery. Despite the uncertainty in decision-making process, overall deal flow was still up both QoQ and YoY, reinforcing a positive stance on the sector. Nuvama expects strong deal-wins of the last few quarters to gradually convert into revenue in coming quarters as US macro turns favourable.

Mphasis Ltd Fundamentals Look Decent Despite Recent Decline - 11 Apr, 2024

Despite a 5.2% decline in the past three months, Mphasis Ltd's fundamentals look decent with a higher ROE than industry average and expected expansion in earnings according to latest analyst forecasts.

Mphasis Collaborates with AWS for Gen AI Foundry - 05 Apr, 2024

Mphasis has signed a multi-year collaboration agreement with Amazon Web Services (AWS) to establish the Gen AI Foundry, a dedicated business unit focusing on artificial intelligence (AI) solutions, use case assessments, consulting, and business transformation. The platform will initially focus on financial services industry applications such as generative AI for core platform modernization, contract management, intelligent document processing, mortgage processing, claims processing, and investigating financial crime.

Mphasis Ltd Stock Up 1.27% on NSE - 03 Apr, 2024

Mphasis Ltd stock is up 1.27% on the NSE, trading at Rs 2499.7 as of 12:49 IST. The stock has seen a 37.68% increase in the last year compared to a 28.19% spurt in NIFTY and a 21.54% spurt in the Nifty IT index. The PE ratio based on TTM earnings ending December 23 is 29.62.

Mphasis Stock Falls as Accenture Cuts Discretionary Projects - 22 Mar, 2024

Mphasis stock falls by 2.14% after analysts at Kotak Institutional Equities report that Accenture's cuts in short-cycle discretionary projects are negative for the company. For Q3 FY23, Mphasis reported a 2% increase in consolidated sales to Rs 3392.19 crore.

Mphasis Ltd Share Price Drops 15% in a Month - 20 Mar, 2024

Shareholders of Mphasis Ltd have seen the share price drop by 15% over the past month. However, the stock has provided good long-term returns with a 151% increase over the last five years. The question remains whether the stock is currently undervalued or overvalued.