Shares of Mphasis Ltd. gained the most in eight weeks after it launched its artificial intelligence unit, Mphasis.ai, to maximise business outcomes.
Shares of the company rose 3.48% to Rs 2,014.6 apiece as of 10:48 a.m., compared to a 0.15% advance in the benchmark Nifty 50. The stock gained as much as 3.71% intraday, the most in over eight weeks since March 31.
The total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was 67.6.
Shares of the company rose 3.48% to Rs 2,014.6 apiece as of 10:48 a.m., compared to a 0.15% advance in the benchmark Nifty 50. The stock gained as much as 3.71% intraday, the most in over eight weeks since March 31.
The total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was 67.6.
Of the 36 analysts tracking the company, 18 maintain a 'buy' rating, 11 recommend a 'hold,' and seven suggest a 'sell' on the stock, according to Bloomberg data. The average 12-month consensus price target implies a potential downside of 1.1%.
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