Mphasis Ltd gained for a third straight session today. The stock is quoting at Rs 3049.45, up 4.47% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 23218.95. The Sensex is at 76588.11, up 0.09%. Mphasis Ltd has risen around 4.85% in last one month.

Meanwhile, Nifty IT index of which Mphasis Ltd is a constituent, has risen around 0.16% in last one month and is currently quoting at 43351.75, up 0.88% on the day. The volume in the stock stood at 28.28 lakh shares today, compared to the daily average of 4.56 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 3076, up 5.02% on the day. Mphasis Ltd is up 20.89% in last one year as compared to a 8.74% spurt in NIFTY and a 19.83% spurt in the Nifty IT index.

The PE of the stock is 37.25 based on TTM earnings ending September 24.