MphasiS Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
MPHASIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts more than Nifty Midcap 150 and 0.6 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mphasis responded to a 1 June 2025 Mint article titled 'Mphasis to lose FedEx business accounting for 8% of total revenue.' The company did not confirm the loss of the FedEx contract, stating it 'continues to be a service provider in the FedEx ecosystem' and calling the rest of the article 'purely speculative.' It declined to comment on individual client relationships, as is its policy. Management reiterated that it stands by its outlook and assessment from its prior and most recent earnings calls, signalling no change in guidance.
The stock had likely come under pressure from the news flow; the company's denial of a major client loss and reaffirmation of guidance is a positive signal for shareholders, though FedEx exposure remains a sentiment overhang until the situation is fully clarified.