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Mphasis gains on AppCrown’s plans of forging a partnership pact

11 Feb 2014

Mphasis is currently trading at Rs. 383.00, up by 2.50 points or 0.66 % from its previous closing of Rs. 380.50 on the BSE.

The scrip opened at Rs. 380.40 and has touched a high and low of Rs. 386.75 and Rs. 380.25 respectively. So far 1623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 513.00 on 30-May-2013 and a 52 week low of Rs. 335.00 on 13-Feb-2013.

Last one week high and low of the scrip stood at Rs. 387.10 and Rs. 365.00 respectively. The current market cap of the company is Rs. 8026.98 crore.

The promoters holding in the company stood at 60.49%, while Institutions and Non-Institutions held 31.22% and 8.29 % respectively.

AppCrown, the leading provider for cloud based financial systems across CRM, Banking & Wealth Management, is planning to partner with Mphasis. The potential relationship with Mphasis will enable AppCrown to gain global market presence in its industry leading Relationship Management (RM), Onboarding, Risk, Household, and Analytics platform for global financial institutions.

In addition, AppCrown will gain the ability to scale its development, delivery & support model across multiple markets globally with initial focus on North America, UK and Asia.

Mphasis is a $1 billion global service provider, delivering technology based solutions to clients across the world. Mphasis services clients in banking and capital markets, insurance, manufacturing, communications, media & entertainment, healthcare & life sciences, transportation and logistics, retail and consumer packaged goods, energy & utilities, and governments around the world.

Related Mphasis Ltd. Links:

Mphasis Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323