Mphasis Ltd.

BSE: 526299 | NSE: MPHASIS
Mid Cap | IT - Software
2886.80
95.80 (3.43%)
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Mphasis rises on inaugurating Centre of Excellence for financial services in Argentina

Date: 06-06-2025

Mphasis is currently trading at Rs. 2548.80, up by 20.50 points or 0.81% from its previous closing of Rs. 2528.30 on the BSE.

The scrip opened at Rs. 2530.00 and has touched a high and low of Rs. 2556.55 and Rs. 2510.00 respectively. So far 1502 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3239.55 on 12-Dec-2024 and a 52 week low of Rs. 2025.05 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 2556.55 and Rs. 2392.10 respectively. The current market cap of the company is Rs. 48542.79 crore.

The promoters holding in the company stood at 40.14%, while Institutions and Non-Institutions held 55.51% and 4.35% respectively.

Mphasis has inaugurated its maiden Centre of Excellence (CoE) for Financial Services in Buenos Aires, Argentina. The company has onboarded 50 technology experts and plans to scale up to around 200 by the end of year, and potentially grow the number annually, thereafter. This strategic hub signifies Mphasis' commitment to pioneering applied Artificial Intelligence (AI) solutions in Argentina and the Latam region for Financial Services. The country’s deep knowledge in Financial Services, combined with Mphasis’ technological strengths, forms the foundation for establishing the CoE.

Mphasis.ai develops AI solutions that deliver personalized interfaces and industry-specific applications to support businesses around the world. Argentina will serve as the base for Latam operations to implement Mphasis.ai at scale in the financial services market. This AI-powered Centre of Excellence will integrate capabilities from the Mphasis.ai business unit and act as the core location for North America operations.

Mphasis is a global service provider, delivering technology based solutions across many sectors.