Mphasis wins ₹400 cr-plus Scotland contract, stock in focus

Mphasis has secured a £35.4 million contract from Social Security Scotland, strengthening its position in the UK public-sector technology and digital services market. Under the agreement, the company will manage and maintain a platform used for benefit applications, eligibility decisions and payments for around two million citizens. The contract provides visibility for Mphasis’s future revenue and reinforces its presence in large-scale government technology projects. The deal comes at a time when investors are closely tracking new order wins across the Indian IT sector. The positive contract announcement could keep Mphasis shares in focus during today’s trading session, particularly as the broader IT space remains sensitive to global technology spending and overseas demand. Disclaimer: The views expressed purely for educational and informational purposes and do not constitute financial advice or a recommendation to buy, sell, or hold any security