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