|Bid||882.25 x 0|
|Ask||885.20 x 0|
|Day's range||883.25 - 898.00|
|52-week range||828.15 - 1,059.70|
|Beta (5Y monthly)||0.57|
|PE ratio (TTM)||15.53|
|Forward dividend & yield||27.00 (3.01%)|
|1y target est||1,171.96|
Mphasis Ltd, an Indian technology firm majority-owned by Blackstone Group LP, has teamed up with blockchain startup Bitfury to create either a digital token or a platform aimed at automating financial services such as payments in international trade transactions between countries, an Mphasis executive said. Financial terms of the partnership were not disclosed. Andres Ricaurte, senior vice president and global head of payments for Mphasis, told Reuters in a recent interview that both companies will seek to facilitate instant settlement of export and import transactions, reduce reliance on complex foreign exchange systems, and increase flexibility in liquidity management for financial institutions.
As a reminder, deal intake from the Blackstone channel was strong at $158 million in FY18, which is helping revenue accretion in FY19.