Mphasis Shows Short-Term Gains Amid Mixed Long-Term Performance in IT Sector

Mphasis Ltd., a prominent player in the IT software industry, has shown notable activity today, gaining 3.06% as of March 21, 2025. The stock has outperformed its sector by 2.48%, marking a positive trend over the last two days with a cumulative return of 3.01%. During today's trading session, Mphasis reached an intraday high of Rs 2363.95, reflecting a 2.6% increase, while the day's low was recorded at Rs 2241.1, down by 2.73%.
In terms of moving averages, Mphasis is currently positioned above its 5-day and 20-day averages but remains below the 50-day, 100-day, and 200-day moving averages. This indicates a mixed performance in the short to medium term.

The broader market context shows the Sensex rebounding sharply after a negative opening, currently trading at 76,546.82, up by 0.26%. Small-cap stocks are leading the market, with the BSE Small Cap index gaining 1.55%. Over the past week, Mphasis has outperformed the Sensex, with a 7.45% increase compared to the index's 3.65%. However, its performance over the longer term remains under pressure, with a year-to-date decline of 16.84%.