Mphasis, a provider of IT applications, infrastructure and BPO services, witnssed a drop in share prices on Tuesday. Growing concerns over revenues that the company gets from Hewlett-Packard and downgrade by Macquarie weighed on the stock prices.
Shares of the company are trading at Rs 412, down Rs 12.3, or 2.90% at the Bombay Stock Exchange (BSE) on Tuesday at 12:00 p.m. The scrip has touched an intra-day high of Rs 423 and low of Rs 408.70. The total volume of shares traded at the BSE is 18,713.