Mphasis Ltd. Sees Revision in Stock Score Amidst Strong Monthly Performance

Mphasis Ltd., a key player in the IT software industry, has recently undergone a revision in its score, reflecting the dynamic nature of its market performance. Despite experiencing a minor setback with a decline of 3.33% on December 20, 2024, the company has demonstrated notable resilience, achieving an impressive monthly performance with an 8.29% gain. This performance significantly outpaces the Sensex, which saw a modest increase of 1.55% during the same period.
On the day of the decline, Mphasis reached an intraday high of Rs 3195.65, showcasing a peak increase of 2.49%, before settling lower at an intraday low of Rs 3014. The stock has faced consecutive declines over the past two days, accumulating a total drop of 5.62%.

From a technical perspective, Mphasis continues to maintain a position above its 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. However, it currently sits below the 5-day and 20-day moving averages, which points to some short-term volatility.

In light of these developments, Mphasis Ltd. has been added to MarketsMOJO's list, underscoring its ongoing strength and potential within the competitive IT software sector. The company's ability to navigate market fluctuations while maintaining a solid monthly performance highlights its resilience and strategic positioning in the industry.