Mphasis Ltd.

BSE: 526299 | NSE: MPHASIS
Mid Cap | IT - Software
2790.75
-24.15 (-0.86%)
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Mphasis edges higher on signing deal with The Ardonagh Group

Date: 07-08-2019

Mphasis is currently trading at Rs. 964.90, up by 1.90 points or 0.20% from its previous closing of Rs. 963.00 on the BSE.

The scrip opened at Rs. 963.50 and has touched a high and low of Rs. 969.45 and Rs. 958.80 respectively. So far 1491 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1278.00 on 03-Sep-2018 and a 52 week low of Rs. 855.00 on 17-Jan-2019.

Last one week high and low of the scrip stood at Rs. 969.45 and Rs. 905.35 respectively. The current market cap of the company is Rs. 17989.79 crore.

The promoters holding in the company stood at 52.23%, while Institutions and Non-Institutions held 37.92% and 9.84% respectively.

Mphasis has signed a multi-year deal with The Ardonagh Group, the UK's largest independent insurance intermediary with global reach. The scope of the service provision includes management of hybrid cloud infrastructure, network services, service desk, desktop engineering and security services.

Mphasis will deliver tailored infrastructure services across various parts of The Ardonagh Group (including Towergate Insurance and Geo Underwriting), and leverage Microsoft's Azure cloud platform across several applications. It will also use InfraGenie, its integrated service management and automation platform, that enables management of hybrid IT infrastructure.

Mphasis is a global service provider, delivering technology based solutions across industries, including Banking & Capital Markets, Insurance, Manufacturing, Media & Entertainment, Telecom, Healthcare, Life Sciences, Travel & Transportation, Hospitality, Retail & Consumer Goods, Energy & Utilities, and Governments around the world.