Bangalore News Today - Investors Got Rich From This Bangalore Company, Shares Rose 150% In A Year_Pic Credit Google

Bangalore News Today – Investors Got Rich From This Bangalore Company, Shares Rose 150% In A Year

Bangalore News Today – Investors Got Rich From This Bangalore Company, Shares Rose 150% In A Year – Companies in the IT sector are consistently performing well during the Corona period. Investors who invest in the shares of these companies are getting the benefit of this in the stock market. Investors of a Bangalore-based IT company have also earned a lot in the year and during this time the company’s stock has risen by more than 150%. Is this stock still good for investment?

Bangalore News Today – Investors Got Rich From This Bangalore Company, Shares Rose 150% In A Year

The stock of IT company Mphasis Limited (MPHL) has soared in the last one year. On Monday 23 August 2021, the company’s stock reached the mark of Rs 3001.65 on BSE. Whereas exactly 12 months ago in August 2020, the company’s share was only Rs 1,198. In such a situation, investors have got a return of about 150.5% on the company’s stock.

If an investor has invested Rs 5 lakh in the share of Mphasis Limited, a year ago. So according to the current share price of the company, he will get about 12.52 lakh rupees. Not only this, the company’s stock climbed up to 5.46% in just one day’s trading on Monday. Now the thing to know is, is it still worth the investment?

The market capitalization of Mphasis Limited is more than Rs 53,700 crore. According to MarketsMojo the average debt to equity ratio of the company is very low. On top of that the company works with high management efficiency and high institutional holdings which makes it a good investment option.

According to MarketsMojo, the share of Mphasis Limited entered the Mild Bullish Range from 10th June 2021 and is continuously in the Bullish Range. At the same time, the company is continuously earning profit. The company’s profit stood at Rs 339.69 crore in the quarter ended June 2021, as compared to Rs 275.12 crore in the quarter ended June 2020. Similarly, the operating income of the company has also increased by 18% to Rs 2,690.83 crore in the quarter ended June 2021.

Investment advisory firm Motilal Oswal expects Mphasis Limited’s margin to grow 40 basis points year-on-year in FY 2021-22. In such a situation, the company’s stock can remain on the upper end.

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