ICICI Direct has given Buy recommendation for Mphasis recommended buy rating on the stock with a target price of Rs 3550 in its research rep with a target price of Rs. 3550 in its research report issued on Jan 24, 2022

ICICI Direct’s research report on Mphasis

Mpahsis Ltd (Mphasis) offers application services, BPO and infrastructure services BFSI, Technology, communication & logistic services. The company’s direct international revenues have grown 22.5% YoY in FY21 and is expected to grow at a healthy pace in coming years • OCF, EBITDA of 75% and double digit return ratio (with RoCE of 20%).

Outlook

We change our recommendation on the stock from HOLD to BUY. We value Mphasis at Rs 3550 i.e. 32x P/E on FY23E EPS.

More Info on Trent

At 17:30 MphasiS was quoting at Rs 3,037.65, up Rs 104.30, or 3.56 percent.

It has touched an intraday high of Rs 3,108.40 and an intraday low of Rs 2,979.15.

It was trading with volumes of 10,294 shares, compared to its thirty day average of 24,186 shares, a decrease of -57.44 percent.

In the previous trading session, the share closed down 4.28 percent or Rs 131.05 at Rs 2,933.35.

The share touched its 52-week high Rs 3,659.75 and 52-week low Rs 1,399.30 on 19 October, 2021 and 24 February, 2021, respectively.

Currently, it is trading 17.02 percent below its 52-week high and 117.03 percent above its 52-week low.

Market capitalisation stands at Rs 57,035.05 crore.

Leave a Reply

Your email address will not be published.