Mphasis . Stock Sees Strong Gain, Outperforms Sector Average on NSE

Oct 14 2024 03:30 PM IST
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On October 14, 2024, Mphasis ., a leading IT software company, saw a 3.18% increase in its stock price on the NSE, higher than the sector average by 2.06%. According to MarketsMojo, the stock has a 'Hold' call and has been on a consecutive gain for 2 days. It has outperformed the Sensex in the last 1 day and 1 month.


Mphasis ., a leading IT software company, saw a positive trend in its stock performance on October 14, 2024. The stock gained 3.18% and closed at Rs. 2956.05 on the National Stock Exchange (NSE). This gain was higher than the sector average by 2.06%, indicating a strong performance by the company.

According to MarketsMOJO, a leading stock market analysis platform, the stock has been given a 'Hold' call. This means that while the stock has shown positive growth, it is not recommended for buying or selling at the moment.

In terms of price movement, Mphasis . has been on a consecutive gain for the last 2 days and has seen a rise of 3.68% during this period. The stock also touched an intraday high of Rs. 2969.9, showing a 3.05% increase.

When compared to its moving averages, Mphasis . is currently trading higher than its 5-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 20-day moving average, indicating a mixed trend in the short term.

In terms of performance, Mphasis . has outperformed the Sensex, India's benchmark index, by 3.16% in the last 1 day and by -5.92% in the last 1 month. This shows a strong performance by the company, despite the overall market trend.

Overall, Mphasis . has shown a positive trend in its stock performance, with a strong gain on October 14, 2024. However, it is currently recommended to hold the stock, as per MarketsMOJO's analysis.
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Our weekly and monthly stock recommendations are here
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