Mphasis Ltd slips for fifth straight session

Mphasis Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2796.45, down 2.05% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.98% on the day, quoting at 24766.8. The Sensex is at 81090.89, down 0.95%.Mphasis Ltd has added around 8.83% in last one month.Meanwhile, Nifty IT index of which Mphasis Ltd is a constituent, has increased around 7.07% in last one month and is currently quoting at 40709.4, down 1.86% on the day. The volume in the stock stood at 2.89 lakh shares today, compared to the daily average of 12.59 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 2806.4, down 2.34% on the day. Mphasis Ltd jumped 25.03% in last one year as compared to a 27.78% rally in NIFTY and a 33.3% spurt in the Nifty IT index.

The PE of the stock is 36.3 based on TTM earnings ending June 24.