Feb 21, 2012, 02.59 PM | Source: Moneycontrol.com
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.
Net Sales are expected to decrease by 1.8 percent
Mphasis has informed that a meeting of Board of Di
Ruchit Jain of Angel Broking is of the view that o