Mphasis Ltd. Stock Sees Dip in Performance, But Remains Strong in Long Term

Mphasis Ltd., a leading IT software company in the largecap industry, has recently seen a dip in its stock performance. On July 10, 2024, the company's stock lost -3.07%, underperforming the sector by -3.11%. This marks the third consecutive day of losses for the stock, with a total decline of -3.97% during this period.

The stock's intraday low on July 10 was Rs 2522.05, a decrease of -3.09% from the previous day. However, despite this recent dip, Mphasis Ltd.'s stock is still performing well in the long term. It is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

On a broader scale, Mphasis Ltd.'s 1-day performance of -3.03% is lower than the Sensex's performance of -0.30%. However, in the past month, the company's stock has outperformed the Sensex with a 5.40% increase compared to the Sensex's 4.74% increase.

MarketsMOJO has given a 'Hold' call for Mphasis Ltd.'s stock, indicating a neutral stance on the company's performance. As a leading player in the IT software industry, Mphasis Ltd. continues to be a strong contender in the largecap market. Investors should keep an eye on the company's performance in the coming days.