MphasiS stocks: Sell MphasiS, target price Rs 1950: ICICI Securities
MphasiS Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 44246.90 Crore) operating in IT Software sector.
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MphasiS Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 44246.90 Crore) operating in IT Software sector.
Mphasis stock witnessed a breakdown after retesting 2,200-2,250 levels in February 2023. It found support above 1,600 levels in March 2023 and then in April 2023 – making a double bottom pattern on the daily charts.
MphasiS, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 45721.40 Crore) operating in IT Software sector.
The surge of Nifty 200 Index stocks to new 52-week highs on August 25 paints a vivid picture of the ever-evolving stock market
The brokerage revises its earnings accordingly and arrive at a target price of Rs 2,300 using a DCF-based valuation methodology implying a 21x multiple on FY25E EPS.