Midcap IT Stock Recommends Rs. 50/Share Dividend, Trading 9.3% Up 52 Week Low; Details Inside

IT Sector Midcap firm Mphasis Ltd. in their Board meeting held on Thursday, 27 April 2023, recommends a dividend of Rs 50 per equity share of Rs 10 each for the financial year ended 31st March 2023. The dividend is subject to approval of the shareholders at the Annual General Meeting (AGM).

Recommends a Dividend of Rs 50/- per equity share

The Board of Directors of Mphasis Ltd in an exchange filing said, "Recommendation of dividend of Rs 50/- per equity share of Rs 10/- each for the year ended 31 March 2023, which is subject to approval of the shareholders at the ensuing Annual General Meeting. The dividend, if declared at the ensuing Annual General Meeting of the Company, will be paid within 30 days of the Annual General Meeting, to those shareholders, whose bank account details are registered with the respective Depository participant(s) or with the Registrar and Share Transfer Agent of the Company."

Mphasis' stock Overview

The stock of Mphasis traded 1.70% higher at Rs 1,814.45 apiece on NSE. It hit the 52-week high on 29 April 2022 at Rs 2,873 apiece and its 52-week low on 17 April 2023 at Rs 1,660.05 apiece, respectively. The stock is trading 9.3% up 52 week low. It has a market capitalisation of Rs 34,143.74 crore.

The stock surged 3.1% in 1 week, and 8.71% in 1 month, respectively. It has given 154.64% positive return. In the past 5 years, it has given 79.87% positive return, However, it has fallen 35.15% in the past 1 year.

About - Mphasis Ltd.

Mphasis is a global IT solutions provider specializing in providing cloud and cognitive services, applies next-generation technology to help enterprises transform businesses globally. It applies next-generation technology to help enterprises transform businesses globally.

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