MphasiS rose 1.58% to Rs 417 at 09:18 IST on BSE after the company announced signing of a definitive agreement to transfer a significant portion of its domestic business, subject to regulatory approvals, to Hinduja Global Solutions.
The announcement was made after market hours yesterday, 30 June 2015.
Meanwhile, the S&P BSE Sensex was up 28.73 points or 0.1% at 27,809.56
On BSE, so far 1,938 shares were traded in the counter as against average daily volume of 12,369 shares in the past one quarter.
The stock hit a high of Rs 417.50 and a low of Rs 413 so far during the day. The stock had hit a 52-week low of Rs 331 on 4 February 2015. The stock had hit a 52-week high of Rs 476.50 on 18 July 2014.
Also Read
The mid-cap company has equity capital of Rs 210.14 crore. Face value per share is Rs 10.
Shares of Hinduja Global Solutions (HGS) rose 3.84% to Rs 505.40. HGS is a global BPM leader in optimizing customer experience for clients.
Ganesh Ayyar, CEO of Mphasis said that with this agreement, Mphasis will further intensify focus in Digital, Governance Risk and Compliance (GRC), Application Maintenance Services (AMS) and Infrastructure Services (IS). HGS' specialisation will bring excellent value to the in-scope domestic customers and employees in India.
Partha DeSarkar, Chief Executive Officer of HGS said that this acquisition is opportunistic and fits well into the company's growth plans.
MphasiS' consolidated net profit rose 9.71% to Rs 177.69 crore on 2.47% decline in total income to Rs 1496.54 crore in Q4 March 2015 over Q3 December 2014.
MphasiS (an HP Company) enables chosen customers to meet the demands of an evolving market place. Mphasis fuels this by combining superior human capital with cutting edge solutions in hyper-specialized areas.
Powered by Capital Market - Live News
