Mphasis Ltd. Faces Decline Amid Underperformance in IT Sector and Market Trends

Jan 13 2025 01:00 PM IST
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Mphasis Ltd. experienced a decline in its stock price on January 13, 2025, following a gap down at the start of trading. The company has underperformed compared to its sector and has seen a significant drop over the past month, despite trading above its 200-day moving average.
Mphasis Ltd., a key player in the IT software sector, saw its stock price decline by 3.46% on January 13, 2025. The trading session began with a gap down, reflecting an initial loss of 2%. During the day, Mphasis hit an intraday low of Rs 2804.35, which represented a decrease of 3.8%.

In terms of market performance, Mphasis has underperformed relative to its sector, lagging by 2.73%. Over the past month, the stock has experienced a notable drop of 12.17%, contrasting with a 6.67% decline in the broader Sensex index.

Currently, Mphasis's stock is trading above its 200-day moving average, but it remains below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term performance trends.
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