Chandan of has sell call on with a target price of Rs 2125. The current market price of MphasiS Ltd. is Rs 2242.3. Time period given by analyst is Intra Day when . price can reach defined target.
Mphasis Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 42092.77 Crore) operating in IT Software sector.
MphasiS Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 3316.82 Crore, up 5.15 % from last quarter Total Income of Rs 3154.36 Crore and up 29.72 % from last year same quarter Total Income of Rs 2556.88 Crore. Company reported net profit after tax of Rs 392.07 Crore in latest quarter.
Investment Rationale
Stock has been making lower highs from the last four months and trading in weakness.
Promoter/FII Holdings
Promoters held 55.8 per cent stake in the company as of 31-Mar-2022, while FIIs owned 21.09 per cent, DIIs 18.04 per cent.
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