Mphasis, a leading Information Technology (IT) services provider, has decided to buyback 1.73 crore equity shares (representing 8.26% of fully paid up capital) worth about Rs 1,103 crore. The proposal to buy back 17,370,078 equity shares at a price not exceeding Rs 635 per share has been approved by shareholders.
Mphasis has reported 48.61% rise in its net profit at Rs 176.61 crore for the quarter under review as compared to Rs 118.84 crore for the same quarter in the previous year. Total income of the company increased by 9.25% at Rs 833.57 crore for the quarter under review as compared to Rs 763.00 crore for the corresponding quarter previous year.
| Company Name | CMP |
|---|---|
| TCS | 2578.45 |
| Infosys | 1311.95 |
| HCL Tech. | 1428.35 |
| Wipro | 202.40 |
| Tech Mahindra | 1504.10 |
| View more.. | |
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