Mphasis gains on signing agreement to acquire AIGSS

Mphasis is trading higher on the BSE after the company signed definitive agreement to acquire AIG Systems Solutions (AIGSS).

The scrip is currently trading at Rs 512.70 per share, up 12.40 points or 2.48% on the BSE.

The stock opened at Rs 491 as compared to its previous close of Rs 500.30. By now, the counter has touched a high and a low of Rs 522 and Rs 491, respectively.

So far, 87,782 shares of the company were traded on the BSE.

The stock touched its 52-week high of Rs 522 on August 12, 2009 and a 52-week low of Rs 119.40 on October 10, 2008.

The stock has gained 4.3% since past one week and 39.45% since past one month.