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Mphasis rebounds 5% from day's low post block deals

SI Reporter/Mumbai 14 May 18 | 10:31 AM


Shares of Mphasis were trading 2.2% higher at Rs 1,010 per share, bouncing back 5% from early morning low of Rs 960 touched on the National Stock Exchange (NSE) after nearly 8% of total equity of information technology (IT) company changed hands on the counter through block deals.

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Around 15.63 million equity shares representing 8.08% of total equity of Mphasis changed hands on the NSE, the exchange data shows.

The name of the buyers and sellers were not ascertained immediately.

Till 10:26 am; around 16.99 million equity shares representing 8.7% of total equity of Mphasis changed hands on the NSE.

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