Feb 21, 2012 02:59 PM IST | Source: Moneycontrol.com

Mphasis likely to announce buyback soon; stock gains

Mphasis is likely to announce buyback soon, reports CNBC-TV18, quoting sources.

Mphasis likely to announce buyback soon; stock gains

Mphasis is likely to announce buyback soon, reports CNBC-TV18, quoting sources.

Promoter holding is at 60.52% and company has nearly USD 350 million of cash in hand.

The share touched an intraday high of Rs 417.60 and an intraday low of Rs 404. At 14:53 hrs the share was quoting at Rs 413, up Rs 13.90, or 3.48%.
 
It was trading with volumes of 107,868 shares. In the previous trading session, the share closed up 3.51% or Rs 13.55 at Rs 399.10.

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