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Mphasis Limited (MPHASIS.BO)

BSE - BSE Real Time Price. Currency in INR
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2,010.80-40.20 (-1.96%)
At close: 3:58PM IST
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Chart Events
Neutralpattern detected
Previous Close2,051.00
Bid2,007.05 x 0
Ask2,016.95 x 0
Day's Range2,001.80 - 2,084.55
52 Week Range612.05 - 2,084.55
Avg. Volume19,617
Market Cap375.296B
Beta (5Y Monthly)N/A
PE Ratio (TTM)31.58
Earnings DateOct 22, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1,171.96
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Blackstone Offers To Acquire 26% Equity Interest In Mphasis For $1.1B

      Blackstone Offers To Acquire 26% Equity Interest In Mphasis For $1.1B

      Blackstone Group Inc (NYSE: BX) has offered to acquire an additional 26% stake in Indian IT outsourcing service provider, Mphasis Ltd, for $1.1 billion (₹82.6 billion), Mint reports. Blackstone had acquired a 60.5% equity interest in Mumbai-listed Mphasis from Hewlett Packard Enterprise Co (NYSE: HPE) at ₹430 per share in 2016 to tap India's double-digit IT industry growth. Three Blackstone entities have offered to acquire an additional 49.3 million shares in Mphasis at ₹1,677.16 per share signifying a 1.1% discount the Friday closing share price, Bloomberg reports. Blackstone's move is in sync with its plans to drive investment in the South Asian nation. Blackstone Capital Partners VI fund's plan to divest a 55.31% equity interest in Mphasis to an entity under Blackstone Capital Partners VIII and Blackstone Capital Partners Asia funds led to the offer. Blackstone has earmarked up to $2.8 billion for the controlling stake. Mphasis offered IT outsourcing services to global companies, including cloud computing services and digital processes for businesses. The company's partners and clients include Adobe Inc (NASDAQ: ADBE) and Amazon.Com Inc (NASDAQ: AMZN) Amazon Web Services, according to its website. Price Action: BX shares closed at $87.22 on Friday. See more from BenzingaClick here for options trades from BenzingaApple Hikes 5-Year US Investment Commitments To 0BBrooks Automation To Acquire Precise Automation For M© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.