Mphasis gains on inking strategic technology partnership with CoreStack
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Mphasis is currently trading at Rs. 2382.60, up by 7.95 points or 0.33% from its previous closing of Rs. 2374.65 on the BSE.
The scrip opened at Rs. 2350.05 and has touched a high and low of Rs. 2383.40 and Rs. 2326.85 respectively. So far 3291 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2550.95 on 05-Sep-2023 and a 52 week low of Rs. 1660.65 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 2519.20 and Rs. 2326.85 respectively. The current market cap of the company is Rs. 44841.25 crore.
The promoters holding in the company stood at 55.58%, while Institutions and Non-Institutions held 38.23% and 6.18% respectively.
Mphasis has entered into a partnership with CoreStack, a global multi-cloud governance provider. The alliance aims to deliver unparalleled financial management and observability to customers, driving operational efficiency and actionable insights. CoreStack will play a vital role in Mphasis' Cloud Business Solutions (CBS) and Agile IT Operations portfolio. One of the core missions of CBS and Agile IT Operations is to provide complete transparency, empowering enterprises to further optimize their CloudOps, FinOps, and SecOps operations.
By leveraging CoreStack's platform, Mphasis will onboard its Operational Frameworks strategy of reliable foundation and associated best practices, ensuring consistent implementation of well-architected approaches for hybrid multi-cloud environments, including enterprise-level policy and controls monitoring, instrumentation and alerting, and comprehensive tagging using a single pane of glass management.
Mphasis is a global service provider, delivering technology-based solutions across many sectors.
