Mphasis Ltd. Stock Soars to New 52-Week High, Outperforms Sector and Sensex
Mphasis Ltd., a largecap IT software company, has seen a positive trend in its stock performance on August 22, 2024. The stock has gained 3.28% and is currently trading at a new 52-week high of Rs. 3123.3. According to MarketsMojo, the stock call for Mphasis Ltd. is 'Hold', indicating a strong performance by the company.
Mphasis Ltd., a largecap IT software company, has seen a positive trend in its stock performance on August 22, 2024. The stock has gained 3.28% and is currently trading at a new 52-week high of Rs. 3123.3. This outperforms the sector by 2.4%, indicating a strong performance by the company.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Mphasis Ltd. is 'Hold'. This suggests that investors should hold onto their current positions in the company's stock.
In the last 6 days, Mphasis Ltd. has been consistently gaining and has seen a rise of 15.63% in its returns. The stock also touched an intraday high of Rs. 3123.3, showing a 2.75% increase.
Mphasis Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance.
In comparison to the Sensex, Mphasis Ltd. has outperformed with a 1-day performance of 3.38% versus the Sensex's 0.21%. In the last month, the company has also outperformed the Sensex with a 7.57% return compared to the Sensex's 0.71%.
Overall, Mphasis Ltd. has shown a strong performance in the stock market and is currently trading at a new high. Investors are advised to hold onto their positions in the company's stock, according to MarketsMOJO.
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