The Exchange has sought clarification from MphasiS Limited with respect to recent news item captioned Mphasis to lose FedEx business accounting for 8% of total revenue. The response from the Company is attached.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
NSE sought clarification from MphasiS regarding a Mint news article dated 1 June 2025 headlined 'Mphasis to lose FedEx business accounting for 8% of total revenue.' In its response, MphasiS stated it does not comment on speculative news or individual client contracts. The company clarified that MphasiS continues to be a service provider within the FedEx ecosystem and called the other claims in the article 'purely speculative.' Management reiterated and stood by its previously communicated outlook from recent earnings calls, with no revision to guidance.
The 8% revenue exposure figure from the article could have worried investors, but the company's denial of contract loss and reaffirmation of its outlook should provide some reassurance. However, the lack of explicit detail on the FedEx relationship may leave uncertainty, and the stock could remain sensitive to further news on this client.