Mutual funds acquire ₹1,860 cr stake in Mphasis
pre-market1 source ↓written by the desknot a recommendation
- to ₹2
- 2.42%
- worth
- 70.75 lakh shares
- via a bulk
- ₹1,860 cr
The stock of Mphasis Ltd surged by 2.42% to ₹2,724.00 after major mutual funds, including Kotak Mahindra and ICICI Prudential, bought 70.75 lakh shares worth ₹1,860 cr via a bulk deal. This move reflects strong institutional confidence despite a recent promoter stake sale.
The acquisition signals positive sentiment driven by solid quarterly growth and robust AI-led deal wins, enhancing the company's long-term outlook.
Not investment advice. For informational purposes only.