Mphasis Ltd. Shows Signs of Trend Reversal Amid Sector Outperformance

Jan 16 2025 09:45 AM IST
share
Share Via
Mphasis Ltd. experienced a notable increase on January 16, 2025, following a period of declines, indicating a potential trend reversal. The stock is currently trading above its 5-day and 200-day moving averages, while showing a significant decline over the past month compared to the broader market.
Mphasis Ltd., a prominent player in the IT software sector, saw a significant increase of 3.09% on January 16, 2025, outperforming its sector by 2.61%. This uptick follows a three-day streak of declines, suggesting a potential trend reversal. During the session, Mphasis reached an intraday high of Rs 2872, achieving a peak gain of 3.42%.

In terms of technical indicators, Mphasis is currently trading above its 5-day and 200-day moving averages, while it remains below the 20-day, 50-day, and 100-day moving averages. Over the past month, the stock has experienced a decline of 10.33%, which is notably steeper than the Sensex's decrease of 5.78%. Additionally, Mphasis's one-day performance of 3.07% contrasts with the Sensex's modest gain of 0.39%, highlighting its relative strength in today's market activity.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News