NSE: MPHASIS · 23 October 2026
- Mphasis Limited shares traded lower on October 23, 2026, dropping 0.54% to settle at ₹2,485.90 after moving between a day's high of ₹2,585.60 and a low of ₹2,478.60. The stock opened at ₹2,544.10, marking a gap-up of 1.78% from its previous close of ₹2,499.50.
- Mphasis announced that its near-term and net-zero greenhouse gas emissions reduction targets have received official validation from Science Based Targets initiative Services. The company committed to achieving net-zero emissions across its value chain by FY 2050, using FY 2024-25 as the baseline year. Validated targets include reducing absolute Scope 1 and 2 emissions by 66.01% by FY 2036 and Scope 3 emissions per USD value added by 66.33% over the same timeframe.
- Trading volume was 1.56 times the 20-day average daily volume.
Why is Mphasis share price falling on 23 October 2026?
Mphasis Limited shares traded lower on October 23, 2026, dropping 0.54% to settle at ₹2,485.90 after moving between a day's high of ₹2,585.60 and a low of ₹2,478.60. The stock opened at ₹2,544.10, marking a gap-up of 1.78% from its previous close of ₹2,499.50.
The broader market and sectoral benchmarks also experienced downward pressure during the session. The Nifty index fell by 0.90%, while the Nifty IT sector benchmark declined by 0.27%. Mphasis's 0.54% pullback slightly underperformed the broader IT index but showed relative resilience compared to the wider headline index. Over shorter and medium-term horizons, the stock has displayed positive momentum, posting a 5-day return of 1.33% and a 20-day return of 10.04% prior to today's movement.
While the company recently secured validation from Science Based Targets initiative Services for its near-term and net-zero greenhouse gas emission reduction targets on October 22, 2026, and extended its partnership agreement with Social Security Scotland valued at approximately £35.4 million on October 6, 2026, these developments serve as underlying business updates rather than immediate catalysts for today's price action. The session's decline appears largely consistent with profit-taking following its recent 20-day advance of 10.04%, alongside broader negative sentiment across Indian equities.
10.02 lakh shares traded by 23 October 2026 · 03:00 PM IST. This compares with a 20-day average daily volume of 6.43 lakh shares (1.56 times). The five-day average daily volume was 9.07 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.
The downward movement lacks a direct same-day operational catalyst. It follows a strong 20-day return of 10.04%, pointing toward routine profit-taking and technical consolidation amid a weak broader market.
Latest Company Developments
Mphasis announced that its near-term and net-zero greenhouse gas emissions reduction targets have received official validation from Science Based Targets initiative Services. The company committed to achieving net-zero emissions across its value chain by FY 2050, using FY 2024-25 as the baseline year. Validated targets include reducing absolute Scope 1 and 2 emissions by 66.01% by FY 2036 and Scope 3 emissions per USD value added by 66.33% over the same timeframe.
This formal validation reinforces the company's long-term sustainability commitments and aligns its operational growth strategy with recognized global climate standards.
Mphasis announced an agreement extension with Social Security Scotland valued at approximately £35.4 million. Under the contract, the company will continue to manage, support, and maintain the executive agency's core benefits case management platform, which ensures reliable access to vital services for around 2 million citizens across Scotland.
The engagement solidifies Mphasis's presence in the public sector digital services domain and provides multi-year revenue visibility for its European operations.
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 and revenue recognition timeline on the £35.4 million Social Security Scotland contract extension.
- Delivery percentage trends relative to the 20-day average volume of 1,002,135 shares.
- Sectoral performance of the Nifty IT index and its relative strength against Mphasis.
- Management commentary on progress toward FY 2036 and net-zero sustainability milestones validated by SBTi.
Other Dated Coverage
- Mphasis Share Price Today: Why MPHASIS Is Falling 2.93% | 22 October 2026 — 22 October 2026
- 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
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 Science Based Targets initiative Services. The company committed to achieving net-zero emissions across its value chain by FY 2050, using FY 2024-25 as the baseline year. Validated targets include reducing absolute Scope 1 and 2 emissions by 66.01% by FY 2036 and Scope 3 emissions per USD value added by 66.33% over the same timeframe.
How strong was Mphasis’s trading volume?
10.02 lakh shares traded, 1.56 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:00 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.