NSE: MPHASIS · 22 October 2026
- Mphasis Limited shares declined 2.93% on October 22, 2026, settling at ₹2,499.50 after trading within a daily range of ₹2,499.50 to ₹2,601.40.
- Mphasis announced that its near-term and net-zero greenhouse gas emissions reduction targets have received official validation from SBTi Services. The validated goals include achieving net-zero emissions across its value chain by FY 2050, alongside near-term absolute Scope 1 and Scope 2 reductions of 66.01% by FY 2036 from a FY 2025 baseline.
- Trading volume was 0.91 times the 20-day average daily volume.
Why is Mphasis share price falling on 22 October 2026?
Mphasis Limited shares declined 2.93% on October 22, 2026, settling at ₹2,499.50 after trading within a daily range of ₹2,499.50 to ₹2,601.40.
While the broader Nifty index moved lower by 0.88%, the Nifty IT sector benchmark advanced 1.79%, indicating a divergence between the company's negative performance and the broader sectoral trend. Over shorter horizons, the stock has posted gains of 2.64% over the past 5 trading days and 10.35% over the past 20 trading days, pointing to recent upward momentum prior to this session's pullback.
On the corporate front, the company announced on October 22, 2026, that its near-term and net-zero greenhouse gas emissions reduction targets received official validation from Science Based Targets initiative (SBTi) Services. While this ESG milestone provides operational context, no direct causal link to today's downward price action was established.
5.81 lakh shares traded by 22 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 6.39 lakh shares (0.91 times). The five-day average daily volume was 8.90 lakh shares. Separately, the NSE report for 22 October 2026 showed 2.71 lakh shares delivered, representing 46.57% of that day’s traded volume. The same report recorded 36,865 trades.
With no major negative fundamental news released during the session, the 2.93% pullback appears consistent with routine profit-taking following a strong 20-day return of 10.35%, despite sector outperformance.
Latest Company Developments
Mphasis announced that its near-term and net-zero greenhouse gas emissions reduction targets have received official validation from SBTi Services. The validated goals include achieving net-zero emissions across its value chain by FY 2050, alongside near-term absolute Scope 1 and Scope 2 reductions of 66.01% by FY 2036 from a FY 2025 baseline.
This validation establishes formal, measurable milestones for the company's long-term climate and sustainability commitments.
The company reported that the Assistant Commissioner of Income Tax issued a rectification order under Section 154 for Assessment Year 2023-24, revising the tax demand from ₹2,286.86 crore to ₹2,417.80 crore due to interest levied under section 220. Mphasis stated it is evaluating legal remedies and does not expect any material financial impact.
It updates the status of ongoing tax litigation, though management maintains there will be no material adverse effect on financial statements.
Mphasis announced an agreement valued at approximately £35.4 million to extend its collaboration with Social Security Scotland. The contract involves managing and maintaining the executive agency's core benefits case management platform supporting around 2 million citizens.
It reinforces the company's public sector footprint and secures recurring revenue streams from a major international government client.
a press release dated October 22, 2026, titled "Mphasis Near-Term and Net-Zero Emissions Reduction Targets Receive Validation from Science Based Targets initiative (SBTi) Services".
a press release dated October 22, 2026, titled "Mphasis Near-Term and Net-Zero Emissions Reduction Targets Receive Validation from Science Based Targets initiative (SBTi) Services".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 31.12% on 30 September 2026. This compares with 30.53% on 30 June 2026, a change of +0.59 percentage points.
The filing reported 39 MF/UTI holders.
What to Watch Next
- Execution progress on the £35.4 million Social Security Scotland contract
- Developments regarding the revised income tax demand and subsequent legal filings
- Volume and delivery trends around the ₹2,500 support region
- Broader Nifty IT sector performance and institutional fund flows
Other Dated Coverage
- Mphasis Share Price Today: Why MPHASIS Is Rising 2.59% | 21 October 2026 — 21 October 2026
- Mphasis in Focus Today: Revised Income Tax Demand of ₹2,417.80 Crore | 15 October 2026 — 15 October 2026
- Mphasis Share Price Today: Why MPHASIS Is Rising 2.33% | 13 October 2026 — 13 October 2026
More Mphasis news and dated analysis →
Frequently Asked Questions
What is the latest Mphasis company news?
Mphasis announced that its near-term and net-zero greenhouse gas emissions reduction targets have received official validation from SBTi Services. The validated goals include achieving net-zero emissions across its value chain by FY 2050, alongside near-term absolute Scope 1 and Scope 2 reductions of 66.01% by FY 2036 from a FY 2025 baseline.
How strong was Mphasis’s trading volume?
5.81 lakh shares traded, 0.91 times the 20-day average daily volume. The price and volume data are dated 22 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.