Mphasis shares rose nearly 3% today to ₹2,351.60

Mphasis shares rose nearly 3% today to ₹2,351.60 after announcing a £35.4 million (≈₹370 crore) contract with Social Security Scotland to maintain its benefits management platform, serving about 2 million citizens. The deal reinforces Mphasis’s public‑sector presence in Europe and supports optimism ahead of its Q2 FY27 results. 🏢 Key Corporate Update New Contract: Mphasis signed a £35.4 million agreement with Social Security Scotland to manage and maintain the agency’s core benefits case‑management platform. Scope: Includes support for benefit applications, eligibility decisions, and payments, ensuring continuity and resilience for Scotland’s social‑security system. Executive Comment: Ashish Devalekar, EVP & Head of Europe, said the partnership “strengthens how citizens access support and aligns with Mphasis’s focus on secure, reliable, and future‑ready digital services.” Strategic Impact: Expands Mphasis’s footprint in government digital‑transformation projects, complementing its BFSI and insurance verticals. 📊 Stock Snapshot (8 Oct 2026) Exchange Price Change 52‑Week Range Trend NSE ₹ 2,351.60 ▲ 2.94 % ₹ 2,033.65 – ₹ 2,978.35 Short‑term bullish BSE ₹ 2,356.05 ▲ 3.14 % ₹ 2,033.65 – ₹ 2,978.35 Moderate recovery Beta 1.32 — High volatility P/E (TTM) 21.56 vs sector 24.23 Slightly undervalued Dividend Yield 2.70 % — Above industry average Analyst sentiment: 12 strong buy + 15 buy ratings; only 2 sell calls. Mutual‑fund holdings fell to 30.53 %, while FII holdings dropped to 19.5 % in Q1 FY27.