Friday, 3 August 2018

Mphasis gains 4% as board mulls share buyback proposal

Shares of information technology (IT) company Mphasis is trading 4% higher at Rs 1,225 on the BSE in early morning trade after the company said that its board will consider a share buyback proposal on Tuesday, August 7, 2018.The stock was trading close to its record high of Rs 1,237 recorded on July 25, during intra-day trade. Mphasis on July 6 had announced that a meeting of board of directors of the Company is being scheduled on Tuesday, 7 August 2018, to consider and approve the audited financial results of the company and Group for the quarter ended 30 June 2018.

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1 comment:

  1. Nifty futures were trading around 11,431-level on the Singaporean Exchange