Mumbai, October 27 (Udaipur Kiran): Shares of Mphasis Ltd surged over 2% in Monday’s trade after the company announced the launch of its new Artificial Intelligence (AI) platform, Mphasis NeoIP, designed to drive continuous enterprise transformation through intelligent automation and connected systems.

The stock was trading at ₹2,889.90, up ₹69.50 or 2.46%, compared to its previous close of ₹2,820.40 on the BSE. It opened at ₹2,840.05 and touched an intraday high of ₹2,889.90 and low of ₹2,840.00. Around 7,624 shares were traded during the session.

A BSE Group ‘A’ stock with a face value of ₹10, Mphasis has a 52-week high of ₹3,239.55 (December 12, 2024) and a 52-week low of ₹2,025.05 (April 7, 2025). The company’s market capitalization currently stands at ₹54,609.67 crore.

Promoters hold 40.10% of the company’s equity, while institutions and non-institutions hold 55.58% and 4.32%, respectively.

The newly launched Mphasis NeoIP platform integrates multiple innovations from Mphasis.ai, aiming to continuously modernize and optimize enterprise systems. NeoIP connects legacy systems, data, and operations into a unified AI-driven framework that evolves intelligently over time.

The platform is designed to help organizations move away from one-time transformation programs and instead adopt continuous evolution by making enterprise knowledge machine-understandable. NeoIP can automate complex decisions, predict and prevent operational issues, and support self-healing, resource-efficient systems that improve continuously.

In addition, NeoIP integrates AI-assisted business intelligence and implementation, enabling ongoing learning and collaboration between AI systems and human teams to plan, build, and manage enterprise transformation initiatives more effectively.

Mphasis, a leading global IT solutions provider, delivers technology-driven services across multiple industries, including banking, insurance, logistics, and digital transformation sectors.