Mphasis gains on entering into strategic partnership with Classiq
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Mphasis is currently trading at Rs. 2299.10, up by 9.20 points or 0.40% from its previous closing of Rs. 2289.90 on the BSE.
The scrip opened at Rs. 2290.00 and has touched a high and low of Rs. 2298.25 and Rs. 2244.10 respectively. So far 1973 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2835.00 on 19-Feb-2024 and a 52 week low of Rs. 1807.00 on 26-Jun-2023.
Last one week high and low of the scrip stood at Rs. 2461.80 and Rs. 2244.10 respectively. The current market cap of the company is Rs. 43200.22 crore.
The promoters holding in the company stood at 55.45%, while Institutions and Non-Institutions held 39.47% and 5.08% respectively.
Mphasis has entered into strategic partnership with Classiq, a leading quantum software company to demonstrate and commercialize industry solutions powered by Quantum. The strategic partnership aims to accelerate the adoption of quantum solutions for enterprises by integrating them into its operations. The collaboration is committed to fostering innovation and redefining technological boundaries and paving the way for a quantum-powered future.
Classiq leads in quantum computing software and has developed a platform for faster and more efficient quantum algorithm design. Mphasis will focus on building industry solutions in sectors such as BFSI, Lifesciences, Healthcare, Supply chain & logistics, Chemistry, utilizing theses advanced algorithms. By leveraging Classiq’s quantum platform, Mphasis will develop industry-specific intellectual properties (IPs) and will also jointly market and implement customer IPs, execute customer projects, and provide support for the commercialization of Classiq’s platform and IPs.
By synergizing Mphasis' domain expertise with Classiq's quantum computing acumen, the collaboration is poised to unlock newer possibilities and redefine industry benchmarks. Quantum computing's ability to tackle previously unsolvable problems opens doors for entirely new discoveries and innovations. National Institute of Standards and Technology’s report states that quantum computing could lead to breakthroughs in areas like materials science, drug discovery, and financial modelling.
Mphasis is a global service provider, delivering technology-based solutions across many sectors.
