Mphasis share price jumped over 5 per cent in intraday trade on the BSE on Friday, July 25, defying weak market sentiment. Mphasis shares opened at ₹2,628.80 against their previous close of ₹2,655.10 and rose 5.2 per cent to their intraday high of ₹2,792.50. Around 9:55 AM, the IT stock traded 3.44 per cent higher at ₹2,746.40. Equity benchmark Sensex was 0.43 per cent down at 81,831 at that time.
Why is Mphasis share price rising?
The mid-cap IT company’s Q1 results seem to have boosted investors’ interest in the stock as it looks set to snap its seven-day losing streak on Friday.
On Thursday, July 24, Mphasis said it recorded the highest-ever deal wins total contract value (TCV) of $760 million in Q1FY26.
(This is a developing story. Please check back for fresh updates.)
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