Synopsis:
The stock saw renewed interest after major mutual funds acquired over 70 lakh shares, signalling strong institutional confidence despite a large promoter stake sale. Solid quarterly growth, rising profitability, and robust AI-led deal wins further support positive sentiment and strengthen the company’s long-term demand outlook.
The shares of the prominent technology services provider gained up to 2 percent in today’s trading session after the Kotak Mahindra, ICICI Prudential & other mutual funds bought 70.75 lakh shares in the company via a Bulk deal.
With a market capitalization of Rs 51,736.24 crore, the shares of Mphasis Ltd were trading at Rs 2,724.00 per share, increasing around 2.42 percent as compared to the previous closing price of Rs 2,659.70 apiece.
Bulk Deal
The shares of Mphasis Ltd have seen a positive movement after major domestic mutual funds accumulated significant stakes in bulk deals. Kotak, ICICI Prudential, and HDFC Mutual Fund collectively purchased over 70 lakh shares at Rs 2,625 each, signalling strong institutional confidence. The large-scale buying worth nearly Rs 1,860 crore boosted market sentiment around the stock.
However, BCP TOPCO IX, a part of the Blackstone Group, sold 1.8 crore equity shares (9.46% stake) in Mphasis at Rs 2,625.59 per share, amounting to Rs 4,726.06 crore. BCP TOPCO IX held a 40.10 percent stake in the company as of September 2025. Considering the above stake sale, its shareholding has been reduced to 30.64 percent now.
The company posted steady growth in Q2FY26, with revenue rising 10% to Rs 3,902 crore from Rs 3,536 crore a year earlier. Net profit also increased 11% to Rs 469 crore, reflecting stable margins and consistent operational performance. The results indicate healthy demand and disciplined cost management supporting balanced earnings expansion.
Mphasis Ltd is a leading global IT solutions provider specialising in cloud, digital transformation and application services. Known for its strong presence in BFSI and emerging enterprise technologies, the company leverages deep domain expertise and agile delivery to help clients modernise operations and enhance business performance across global markets.
Mphasis sustained strong deal momentum with a TCV of $528 million for the second straight quarter and over $1.3 billion in H1, already surpassing last year’s full-year total. The pipeline is at record highs, nearly doubling YoY, with 69% AI-led opportunities and a large-deal pipeline up 180% YoY.
AI initiatives are translating into real traction, with 42% of quarterly TCV driven by AI-led wins. BFS, Insurance, and TMT delivered standout growth, while Logistics & Transportation is set to rebound. Margins remained stable at 15.3%, supported by disciplined execution, solid cash generation, and rising demand for Mphasis’s AI-first engineering capabilities.
Written by Abhishek Singh
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