This Mid-Cap Stock Just Became The Latest ICC World Cup Partner, Investors Still Unimpressed

Mphasis, an IT solutions provider specialising in cloud and cognitive services, has been appointed as the digital consulting partner of the ongoing International Cricket Council (ICC) World Cup 2023. However, the firm’s shares did not react positively to the news.

What Happened: The collaboration will seek to bring cricket aficionados closer to the game through various digital platforms, with an emphasis on fan experience. Leveraging technologies such as virtual reality and Web3, the plan is to give tens of millions of fans direct access to exclusive content and experiences via the ICC website and app.

See Also: If You Invest ₹10,000 In TCS Today, Here’s How Much You’d Have If Stock Hits All-Time High

the ICC welcomed Mphasis to their portfolio of partners, highlighting the value of this collaboration, said Finn Bradshaw, ICC head of digital.

Nitin Rakesh, CEO and managing director of Mphasis, shared his enthusiasm about becoming the official digital consulting partner of the ICC. He emphasized their dedication to cricket and the long-term goal of advancing cricket technology.

By working closely with the ICC, the firm intends to explore the possibilities at the intersection of sports and technology to create experiences for cricket enthusiasts across the globe.

Price Action: Shares of Mphasis were down 0.29% at ₹2,457 in late afternoon trade on Thursday.

Read Next: Zomato Has Gained Over 80% This Year—Analysts Think It Could Go Even Higher

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Posted In: MoversTechTrading IdeasICC World CupMphasis