Mphasis stock gains over 3% on signing pact with MoneyGram Haas F1 Team

Shares of Mphasis rose 2.54 per cent at Rs 68.95 per share on the BSE in Friday’s intraday deals. The information technology (IT) firm’s share price surged after the company was named the ‘Official Digital Partner’ of MoneyGram Haas F1 Team.

Haas Formula LLC, operating as the MoneyGram Haas F1 Team, is a US-licensed Formula One team founded by Gene Haas, co-owner of a NASCAR Cup Series team, in April 2014.