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Sell Mphasis Ltd For Target Rs.1,727 - ICICI Securities Ltd Demand headwinds in BFS (largest vertical) persist, but the same is not reflected in valuations; reiterate SELL We attended Mphasis analyst meet wherein the company outlined its future growth strategies: 1) focus on expanding non-BFS verticals, 2) continuing strategy of proactive large deal wins, and 3) increasing the number of clients with high revenue potential (USD 100mn+ annually). However, our near-term view on the company has not changed, hence we maintain SELL. Our concerns are: 1) ...
Sell Mphasis Ltd For Target Rs.1,727 - ICICI Securities Ltd
Sell Mphasis Ltd For Target Rs.1,727 - ICICI Securities Ltd
Source: ICICI Securities Ltd
2/09/2023 12:16:35 PM
Neutral Mphasis Ltd For Target Rs. 2,250 - Motilal Oswal Financial Services Growth to recover in FY25 | Valuation remains full Driving incremental efforts to stimulate growth engines We hosted Mr. Nitin Rakesh (MD & CEO – Mphasis) at our flagship conference, AGIC – 2023. Through his presentation, he touched upon the implications of Generative AI (subset of LLM) on business operations and the cannibalization impact it may pose to the technology service lines. Moreover, we also attended Mphasis (MPHL)’s Analyst Meet recently. The key takeaways ...
Neutral Mphasis Ltd For Target Rs. 2,250 - Motilal Oswal Financial Services
Neutral Mphasis Ltd For Target Rs. 2,250 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
29/08/2023 3:50:53 PM
Mphasis trades higher on acquiring 100% stake in eBECS Mphasis is currently trading at Rs. 1897.65, up by 4.35 points or 0.23% from its previous closing of Rs. 1893.30 on the BSE. The scrip opened at Rs. 1915.00 and has touched a high and low of Rs. 1925.40 and Rs. 1896.00 respectively. So far 8331 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2444.75 on 19-Aug-2022 and a 52 week low of Rs. 1660.65 on 17-Apr-2023. Last one week high and low of the scrip stood at ...
Mphasis trades higher on acquiring 100% stake in eBECS
Mphasis trades higher on acquiring 100% stake in eBECS
Source: Accord Fintech
3/07/2023 11:35:55 AM
Mphasis rises on launching `Mphasis.ai` business unit Mphasis is currently trading at Rs. 1980.65, up by 22.15 points or 1.13% from its previous closing of Rs. 1958.50 on the BSE. The scrip opened at Rs. 1949.35 and has touched a high and low of Rs. 2022.35 and Rs. 1949.35 respectively. So far 22023 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2700.00 on 03-Jun-2022 and a 52 week low of Rs. 1660.65 on 17-Apr-2023. Last one week high and low of the scrip stood a...
Mphasis rises on launching `Mphasis.ai` business unit
Mphasis rises on launching `Mphasis.ai` business unit
Source: Accord Fintech
1/06/2023 3:31:12 PM
HOLD Mphasis Ltd For Target Rs.1,950 - ICICI Direct About the stock: Mphasis Ltd (Mphasis) offers application services, BPO and infrastructure services, BFSI, technology, communication & logistic services. * The company’s direct revenue increased 19.3% YoY on a reported basis and 12% in CC terms in FY23 * OCF, EBITDA of 75% and double digit return ratio (with RoCE of 20%) Q4FY23 Results: Mphasis reported weak Q4FY23 results. * In CC terms, direct revenue fell 3.4% QoQ and revenue declined 4.5% QoQ * EBIT margins were f...
HOLD Mphasis Ltd For Target Rs.1,950 - ICICI Direct
HOLD Mphasis Ltd For Target Rs.1,950 - ICICI Direct
Source: ICICI Direct
23/05/2023 2:53:57 PM
Add Mphasis Ltd For Target Rs.2,144 - Yes Securities Result Synopsis Mphasis (MPHL) reported mixed financial performance for the quarter. The sequential revenue growth for the quarter was below estimates; while EBIT margin was inline with expectation. It reported constant currency growth of (4.5)% QoQ, led by Direct segment(down 3.4% QoQ in cc terms). The INR reported growth was (4.1)% QoQ. Direct now contributes 94.6% to revenue; while DXC contribution has fallen to just 3.8% of revenue. EBIT margin was flat at 15.3% and it was able to mai...
Add Mphasis Ltd For Target Rs.2,144 - Yes Securities
Add Mphasis Ltd For Target Rs.2,144 - Yes Securities
Source: Yes Securities
8/05/2023 3:18:05 PM
Add Mphasis Ltd For Target Rs.2,200 - Emkay Global Financial Services Mphasis reported weak operating performance in Q4FY23 with a sharp revenue miss and in-line margin. Gross revenue declined by 4.1% QoQ to USD412mn (-4.5% CC), reflecting continued weakness in DR (mortgage business) and tightening discretionary spending. Management expects the softness to persist in Q1 due to continued weakness in DR, client-specific issues, muted BFS, and delay in commencement of projects amid a challenging macro environment. DR business is expected to bottom out in Q1. Mgmt ...
Add Mphasis Ltd For Target Rs.2,200 - Emkay Global Financial Services
Add Mphasis Ltd For Target Rs.2,200 - Emkay Global Financial Services
Source: Emkay Global Financial Services
3/05/2023 3:40:24 PM
Neutral Mphasis Ltd For Target Rs.1,780 - Motilal Oswal Financial Services Ltd * MPHL’s 4QFY23 performance was weaker than our expectations on account of a continued decline in its mortgage business (DR, down 23% QoQ). Again, other parts of the business were weak, with the DXC vertical down 24.8% QoQ CC and Direct revenue down 3.4% QoQ CC. As a result, overall USD revenue fell 4.5% QoQ CC. The deal TCV moderated, with net new TCV of USD309m (-11% YoY) v/s a record-high TCV of USD401m in 3Q. * While the decline in DR (6.8% of revenue) was steeper than our estima...
Neutral Mphasis Ltd For Target Rs.1,780 - Motilal Oswal Financial Services Ltd
Neutral Mphasis Ltd For Target Rs.1,780 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2/05/2023 11:21:15 AM
Add Mphasis Ltd For Target Rs.2,337 - Yes Securities Result Synopsis Mphasis (MPHL) reported mixed financial performance for the quarter. The sequential revenue growth for the quarter was below estimates; while EBIT margin was inline with estimates. It reported constant currency growth of (3.1)% QoQ, led by Logistics and Transportation(up 2.3% QoQ) The INR reported growth was (0.4)% QoQ, supported by depreciation of INR by 3.9% QoQ vs USD. Direct now contributes 93.6% to revenue; while DXC contribution has fallen to just 4.8% of revenue. EBI...
Add Mphasis Ltd For Target Rs.2,337 - Yes Securities
Add Mphasis Ltd For Target Rs.2,337 - Yes Securities
Source: Yes Securities
25/03/2023 11:41:12 AM
Hold Mphasis Ltd For Target Rs.2070 - ICICI Direct Mortgage pain, client issues continue; strong TCV only solace About the stock: Mphasis Ltd (Mphasis) offers application services, BPO and infrastructure services, BFSI, technology, communication & logistic services. * The company’s direct revenue increased 35.7% YoY on a reported basis and 34.4% in CC terms in FY22 * OCF, EBITDA of 75% and double digit return ratio (with RoCE of 20%) Q3FY23 Results: Mphasis reported weak Q3FY23 results. * In CC terms, direct revenue d...
Hold Mphasis Ltd For Target Rs.2070 - ICICI Direct
Hold Mphasis Ltd For Target Rs.2070 - ICICI Direct
Source: ICICI Direct Ltd
6/03/2023 11:57:14 AM
Add Mphasis Ltd For Target Rs.2,337 - Yes Securities Muted performance on seasonality and macro concerns Result Synopsis Mphasis (MPHL) reported mixed financial performance for the quarter. The sequential revenue growth for the quarter was below estimates; while EBIT margin was inline with estimates. It reported constant currency growth of (3.1)% QoQ, led by Logistics and Transportation(up 2.3% QoQ) The INR reported growth was (0.4)% QoQ, supported by depreciation of INR by 3.9% QoQ vs USD. Direct now contributes 93.6% to revenue; while D...
Add Mphasis Ltd For Target Rs.2,337 - Yes Securities
Add Mphasis Ltd For Target Rs.2,337 - Yes Securities
Source: Yes Securities Ltd
2/03/2023 2:13:39 PM
Tech Stars : Buy Mphasis Limited For Target Rs.2420 - Religare Broking Mphasis Limited TECHNICAL RATIONALE – In line with the recovery in the midcap IT counters, Mphasis too is catching up with the trend. It has witnessed a breakout from a consolidation range of late and also reclaimed the long term moving average i.e. 200 EMA on the daily chart. We thus recommend creating fresh longs in the mentioned range. Buy Mphasis Limited CMP 2260.50; Initiation Range 2250-2260; Stop Loss 2145; Target 2420   To Read Complete Report & Disclaim...
Tech Stars : Buy Mphasis Limited For Target Rs.2420 - Religare Broking
Tech Stars : Buy Mphasis Limited For Target Rs.2420 - Religare Broking
Source: Religare Broking Ltd
21/02/2023 2:15:44 PM
Buy Mphasis Ltd For Target Rs.2,820 - Anand Rathi Shares and Stock Brokers Mphasis Revenue slows on delayed ramp-ups; TCV and margins improve: Buy In Q3, Mphasis undershot peers with its sequentially flattish IT services (82% of revenue). The weakness arose from furloughs and delayed rampups in deals won previously. It did well, however, in its key strengths such as TCV (net new $401m) and client mining (first client moving to the $200m bracket), keeping alive revenue-acceleration hopes. BPM (18% of revenue) reflected weakness in Mortgages (~50% of BPM) though...
Buy Mphasis Ltd For Target Rs.2,820 - Anand Rathi Shares and Stock Brokers
Buy Mphasis Ltd For Target Rs.2,820 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
23/01/2023 12:59:44 PM
Buy Mphasis Ltd : Muted 3Q performance but better deal wins - Motilal Oswal Financial Services Muted 3Q performance but better deal wins 3QFY23 CC revenue declined 2.5% QoQ, INR EBIT grew 14% YoY, and INR PAT grew 15% YoY Revenue highlights * Revenue of USD429m declined 2.5% QoQ CC USD, missing our estimate of 0.4% growth. * Direct revenue declined 2.8% QoQ CC; DXC revenue grew by 0.8% QoQ CC. * Americas declined 2.9% sequentially. BFS fell 3.5% QoQ, with Insurance/Tech down 3.2%/2.4%.   Margin highlights * EBIT margin at 15.3% was below our estimate of 15...
Buy Mphasis Ltd : Muted 3Q performance but better deal wins - Motilal Oswal Financial Services
Buy Mphasis Ltd : Muted 3Q performance but better deal wins - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/01/2023 11:22:14 AM
Buy Mphasis Ltd For Target Rs.2,500 - Emkay Global Financial Services Ltd Near-term pain; Medium-term growth drivers in place * Furloughs, lesser number of working days, deferred spending, and continued weakness in mortgage (uptick in interest rates in the US) would weigh on the sequential revenue growth trajectory in Q3. Management expects Q4 growth to be better than Q3 growth. * Exposure to the interest rate-sensitive portion of the business is in a low single-digit percentage of revenue; hence, the incremental impact will be limited. MPHL has exposure to h...
Buy Mphasis Ltd For Target Rs.2,500 - Emkay Global Financial Services Ltd
Buy Mphasis Ltd For Target Rs.2,500 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
27/12/2022 1:47:45 PM
Mphasis rises on the BSE Mphasis is currently trading at Rs. 1920.00, up by 20.15 points or 1.06% from its previous closing of Rs. 1899.85 on the BSE. The scrip opened at Rs. 1916.95 and has touched a high and low of Rs. 1927.55 and Rs. 1902.50 respectively. So far 8313 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3476.60 on 03-Jan-2022 and a 52 week low of Rs. 1898.10 on 22-Nov-2022. Last one week high and low of the scrip stood at...
Mphasis rises on the BSE
Mphasis rises on the BSE
Source: Accord Fintech
24/11/2022 2:16:58 PM
Buy Mphasis Ltd For Target Rs.2,600 - Emkay Global Financial Services Ltd Weak operating performance Mphasis delivered weaker-than-expected operating performance in Q2FY23. Gross revenue grew by 1% QoQ to USD440.3mn, reflecting continued weakness in mortgage business and impact of furloughs. Management suggested that weakness in mortgage, macro uncertainties weighing on the velocity of decision-making, and softness in select pockets are impacting the company’s growth trajectory. Mphasis added ~9% headcount sequentially in the technology services segment on...
Buy Mphasis Ltd For Target Rs.2,600 - Emkay Global Financial Services Ltd
Buy Mphasis Ltd For Target Rs.2,600 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
28/10/2022 2:52:24 PM
Buy Mphasis Ltd For Target Rs.2,430 - Motilal Oswal Financial Services Deal traction provides good growth visibility Strong growth with stable margins to drive earnings, reiterate BUY * MPHL’s 2QFY23 performance was led by a 2% CC QoQ growth in the Direct business and a 1% QoQ CC growth in DXC. Deal momentum remained intact with a strong net new TCV of USD302m. It also reported two large deal wins (USD110m) in 2QFY23. * MPHL’s Direct business continued to be adversely impacted by the slowdown in its mortgage processing business, due to eleva...
Buy Mphasis Ltd For Target Rs.2,430 - Motilal Oswal Financial Services
Buy Mphasis Ltd For Target Rs.2,430 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
27/10/2022 2:41:18 PM
Add Mphasis Ltd For Target Rs.2,413 - Yes Securities Muted sequential growth for the quarter; signs of moderation in demand environment Result Synopsis Mphasis (MPHL) reported mixed financial performance for the quarter. The sequential revenue growth for the quarter was below estimates; while EBIT margin was inline with expectation. It reported constant currency growth of 1.0% QoQ, led by BFS vertical( up 5.7% QoQ) and Logistics and Transportation(up 1.5% QoQ). The INR reported growth of 3.2% QoQ was supported by depreciation of INR by 3....
Add Mphasis Ltd For Target Rs.2,413 - Yes Securities
Add Mphasis Ltd For Target Rs.2,413 - Yes Securities
Source: Yes Securities Ltd
25/10/2022 12:18:27 PM
Buy Mphasis Ltd For Target Rs.2,600 - Motilal Oswal Financial Services Good deal traction and stable margins to drive earnings but mortgage slowdown to impact near-term growth adversely ? MPHL’s 1QFY23 performance was led by a 2.4% QoQ growth in CC in the Direct business (v/s estimate of +3.5% QoQ CC), while DXC declined 6.3% QoQ CC (v/s estimate of -3% QoQ CC). Deal momentum was intact with a strong net new TCV of USD302m and an all-time high pipeline (up 6% QoQ). It also reported a large deal win (of USD60m) in Jul’22. ? MPHL’s Direc...
Buy Mphasis Ltd For Target Rs.2,600 - Motilal Oswal Financial Services
Buy Mphasis Ltd For Target Rs.2,600 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/09/2022 2:20:46 PM
Buy Mphasis Ltd Target Price 2,600- JM Financial Institutional Securities Direct growth moderates; margins resilient Mphasis’s 1QFY23 report suggest growth moderation in the Direct Business (2.4% QoQ c/c) resulting in a modest 2% QoQ c/c growth, lower than expectations. However margins surprised positively with 10 bps QoQ improvement aided by revenue mix, pricing benefits and optimisation on subcontractors. Net new Order bookings at USD 302 mn were decent with company suggesting growth acceleration through the rest of FY23 along with ‘positive margin...
Buy Mphasis Ltd Target Price 2,600- JM Financial Institutional Securities
Buy Mphasis Ltd Target Price 2,600- JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
8/09/2022 2:41:40 PM
Buy Mphasis Ltd For Target Rs.2,800 - Emkay Global Financial Services Ltd In-line operating performance * Mphasis delivered in-line operating performance in Q1. Gross revenue grew by 1.2% QoQ to USD435.9mn, reflecting some growth moderation due to the weakness in the mortgage and Europe businesses, though it came in broadly in line with our expectations. EBITM expanded by 10bps QoQ to 15.3%, 10bps above our estimate. * Direct segment revenues grew 5.0% QoQ (2.4% CC) to Rs31.7bn. Broad-based demand, healthy new-deal wins (USD302mn in Q1) and a robust deal pipe...
Buy Mphasis Ltd For Target Rs.2,800 - Emkay Global Financial Services Ltd
Buy Mphasis Ltd For Target Rs.2,800 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
28/08/2022 1:26:11 PM
Mphasis Buy Target Price 2,600- JM Financial Institutional Securities Ltd * Broad-based success in ramping up top clients: Mphasis remains unique in its ability to scale up revenue from the top clients as compared to peers. The company boasts of three USD 150mn+ p.a. clients with four of the top 5 clients each being a USD 100mn+ p.a. revenue account as compared to similar sized peers like LTI (1USD 100mn+ account for several years) and MTCL (has derived significant success with scaling up the top client to USD 350mn+ in revenue, but that remains its lone USD 50mn+ ...
Mphasis Buy Target Price 2,600- JM Financial Institutional Securities Ltd
Mphasis Buy Target Price 2,600- JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
19/08/2022 12:59:56 PM
Add Mphasis Ltd For Target Rs.2,516 - Yes Securities Inline financial performance with stable operating margin Our view Overall, the revenue and EBIT margin for the quarter was broadly inline. The Direct segment forming 93.5% of revenue has been driving the revenue growth, while DXC segment revenue continues to decline and contributes just 4.8% to revenue. Deal booking remains robust which provides strong revenue growth visibility. Certain costs related to travel and admin have started coming back as IT companies switch to hybrid mode of ...
Add Mphasis Ltd For Target Rs.2,516 - Yes Securities
Add Mphasis Ltd For Target Rs.2,516 - Yes Securities
Source: Yes Securities Ltd
25/07/2022 12:41:40 PM
MphasiS Q1 net profit up 8.23% at Rs 332.97 cr The company reported standalone net profit of Rs 332.97 crore for the quarter ended June 30, 2022 as compared to Rs 307.64 crore in the same period last year, registering a year-on-year growth of 8.23 per cent. Net revenue of the company rose substantially by 38.71 per cent at Rs 2,223.40 crore in April-June quarter of this fiscal as against Rs 1,602.95 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 47.52 per cent to Rs 1,741.48 cror...
MphasiS Q1 net profit up 8.23% at Rs 332.97 cr
MphasiS Q1 net profit up 8.23% at Rs 332.97 cr
Source: Dion Global Solutions Ltd
22/07/2022 10:10:52 AM
Mphasis rises on the bourses Mphasis is currently trading at Rs. 2530.55, up by 24.90 points or 0.99% from its previous closing of Rs. 2505.65 on the BSE. The scrip opened at Rs. 2485.90 and has touched a high and low of Rs. 2552.55 and Rs. 2485.90 respectively. So far 5564 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3659.75 on 19-Oct-2021 and a 52 week low of Rs. 1912.00 on 09-Jun-2021. Last one week high and low of the scrip stood at...
Mphasis rises on the bourses
Mphasis rises on the bourses
Source: Accord Fintech
8/06/2022 3:58:18 PM
Stock Picks - Buy Mphasis Ltd For Target Of Rs. 2730 - ICICI Direct Technical Observations * The IT index after the last five months corrective decline is seen rebounding from near the key support area thus provides favourable risk reward set up for most of the IT stocks. One of the preferred pick within the IT space is Mphasis which we expect to outperform * The stock has generated a breakout above the falling channel containing last two months decline signaling pullback is expected from extreme oversold territory thus offers fresh entry opportuni...
Stock Picks - Buy Mphasis Ltd For Target Of Rs. 2730 - ICICI Direct
Stock Picks - Buy Mphasis Ltd For Target Of Rs. 2730 - ICICI Direct
Source: ICICI Direct
31/05/2022 11:15:17 AM
Mphasis gains on partnering with Securonix Mphasis is currently trading at Rs. 2657.65, up by 17.95 points or 0.68% from its previous closing of Rs. 2639.70 on the BSE. The scrip opened at Rs. 2635.00 and has touched a high and low of Rs. 2677.90 and Rs. 2612.30 respectively. So far 10129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3659.75 on 19-Oct-2021 and a 52 week low of Rs. 1729.15 on 17-May-2021. Last one week high and low of the scrip stood a...
Mphasis gains on partnering with Securonix
Mphasis gains on partnering with Securonix
Source: Accord Fintech
10/05/2022 3:02:59 PM
Add Mphasis Ltd For Target Rs.3,448 - Yes Securities Robust performance in the Direct segment Our view Overall, the revenue growth was above expectation, while the EBITDA margin was broadly inline. Now, the Direct segment has been powering the growth of the company, while DXC segment revenue has become insignificant and expected to stabilize at mid single digit of revenue contribution. Deal booking remains robust which provides strong revenue growth visibility. We maintain ADD Rating on the stock with revised target price of Rs 3,448/shar...
Add Mphasis Ltd For Target Rs.3,448 - Yes Securities
Add Mphasis Ltd For Target Rs.3,448 - Yes Securities
Source: Yes Securities Ltd
26/01/2022 11:14:24 AM
Buy Mphasis Ltd For Target Rs.3550 - ICICI Direct Order book continues to be strong… About the stock: 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%)   Q3FY22 Results: Mphasis reported strong Q3FY22 results. * Dollar...
Buy Mphasis Ltd For Target Rs.3550 - ICICI Direct
Buy Mphasis Ltd For Target Rs.3550 - ICICI Direct
Source: ICICI Direct
26/01/2022 9:37:07 AM
Mphasis surges on entering into partnership with CrossTower Mphasis is currently trading at Rs. 3130.45, up by 76.20 points or 2.49% from its previous closing of Rs. 3054.25 on the BSE. The scrip opened at Rs. 3049.50 and has touched a high and low of Rs. 3200.00 and Rs. 2920.05 respectively. So far 32355 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3659.75 on 19-Oct-2021 and a 52 week low of Rs. 1399.30 on 24-Feb-2021. Last one week high and low of the scrip stood a...
Mphasis surges on entering into partnership with CrossTower
Mphasis surges on entering into partnership with CrossTower
Source: Accord Fintech
21/01/2022 11:07:54 AM
Mphasis gains on signing business venture agreement with Ardonagh Mphasis is currently trading at Rs. 3196.15, up by 9.75 points or 0.31% from its previous closing of Rs. 3186.40 on the BSE. The scrip opened at Rs. 3245.00 and has touched a high and low of Rs. 3290.00 and Rs. 3183.00 respectively. So far 11684 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3659.75 on 19-Oct-2021 and a 52 week low of Rs. 1399.30 on 24-Feb-2021. Last one week high and low of the scrip stood at...
Mphasis gains on signing business venture agreement with Ardonagh
Mphasis gains on signing business venture agreement with Ardonagh
Source: Accord Fintech
24/12/2021 12:57:02 PM
Stock Picks - State Bank of India Ltd and Mphasis Ltd By ICICI Direct State Bank of India  Buy State Bank of India Ltd @ 486.00-488.00 CMP 486.75 TGT 496.00 SL 482.30   Mphasis Buy Mphasis Ltd @ 3213.00-3218.00 CMP 3214.80 TGT 3270.00 SL 3187.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & acad...
Stock Picks - State Bank of India Ltd and Mphasis Ltd By ICICI Direct
Stock Picks - State Bank of India Ltd and Mphasis Ltd By ICICI Direct
Source: ICICI Direct
16/12/2021 11:11:12 AM
Stock Picks - Mphasis Ltd and Bandhan Bank Ltd By ICICI Direct Mphasis Buy Mphasis Ltd @ 3208.00-3214.00 CMP 3236.15 TGT 3266.00 SL 3181.70   Bandhan Bank Sell Bandhan Bank Ltd @ 282.50-283.50 CMP 283.50 TGT 277.50 SL 285.90   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic purp...
Stock Picks - Mphasis Ltd and Bandhan Bank Ltd By ICICI Direct
Stock Picks - Mphasis Ltd and Bandhan Bank Ltd By ICICI Direct
Source: ICICI Direct
14/12/2021 11:44:25 AM
Hold Mphasis Ltd For Target Rs.3420 - ICICI Direct Margins impacted by one-off acquisition related cost About the stock: Mpahsis Ltd (Mphasis) offers application services, BPO and infrastructure services BFSI, Technology, communication & logistic services. * The company’s direct international revenues have grown at 22.5% YoY in FY21 and is expected to grow at healthy pace in coming years * OCF/EBITDA of 75% and double digit return ratio (with RoCE of 20%)   Q2FY22 Results: Mphasis reported muted Q2FY22 results on...
Hold Mphasis Ltd For Target Rs.3420 - ICICI Direct
Hold Mphasis Ltd For Target Rs.3420 - ICICI Direct
Source: ICICI Direct
18/11/2021 12:10:24 PM
Update On Mphasis By Motilal Oswal Topline beat led by the direct channel, margin in line In USD terms, revenue grew 18% YoY above our estimate of 16% growth in 2QFY22. Adjusted EBIT (excluding a M&A charge) rose 15% YoY (est. 13%) and APAT grew 19% (est. 19%). P&L highlights * Revenue grew 6.1% QoQ to USD385m, above our estimate of 4.8%. In CC terms, revenue growth stood at 6.6% QoQ and 17.2% YoY. * EBIT margin (adjusted for a M&A charge) dipped 10bp QoQ to 15.8%, in line with our estimate of 15.8%. Repor...
Update On Mphasis By Motilal Oswal
Update On Mphasis By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/11/2021 10:06:57 AM
Add Mphasis Ltd For Target Rs.3,550 - Yes Securities Strong show in the Direct segment of the company Our view Overall, the revenue growth was strong, while the margin came below expectation. Now, the Direct segment has been powering the growth of the company, while DXC segment revenue has become insignificant and likely to stabilize at mid single digit of revenue contribution. We expect revenue to grow at CAGR of 16.9% over FY22E‐ FY24E with average EBIT margin of 17.2%. We maintain ADD on the stock with revised target price of Rs 3,550/...
Add Mphasis Ltd For Target Rs.3,550 - Yes Securities
Add Mphasis Ltd For Target Rs.3,550 - Yes Securities
Source: Yes Securities Ltd
25/10/2021 11:07:08 AM
Buy Mphasis Ltd For Target Rs.2,900 - Emkay Global Blink UX to strengthen experience offerings and Hi-Tech business * Mphasis has acquired Blink UX, a US-based user experience research, strategy, and design firm, for a cash consideration of up to USD94mn (~2.7x EV/Sales on a CY21E basis), including earn-outs. Blink UX works with some of the world’s leading enterprises to create transformative digital products, brands, and experiences. * Deal rationale: The acquisition of Blink will boost Mphasis’s experience competencies wi...
Buy Mphasis Ltd For Target Rs.2,900 - Emkay Global
Buy Mphasis Ltd For Target Rs.2,900 - Emkay Global
Source: Emkay Global Financial Services Ltd
25/09/2021 11:34:20 AM
Buy Mphasis Ltd For Target Rs.3,560 - Motilal Oswal Blink acquisition to expand Mphasis’ UX capabilities Mphasis has acquired Blink Interactive, a Seattle-based user experience research and design firm. Blink operates in the high growth CX/UX segment and works with marquee clients in the US. The purchase consideration stands at USD94m, along with talent retention cost over the next two years. Acquisition is margin dilutive by 100bp due to higher amortization and retention cost. Around 2.8x CY21 revenue, valuations are reasonable, give...
Buy Mphasis Ltd For Target Rs.3,560 - Motilal Oswal
Buy Mphasis Ltd For Target Rs.3,560 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/09/2021 2:07:01 PM
Stock Picks - Titan Company Ltd and Mphasis Ltd By ICICI Direct Titan Buy Titan Company Ltd @ 1877.00-1881.00 CMP 1877.15 TGT 1910.00 SL 1862.80   Mphasis Sell Mphasis Ltd @ 2860.00-2865.00 CMP 2858.00 TGT 2907.00 SL 2840.90   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic purpo...
Stock Picks - Titan Company Ltd and Mphasis Ltd By ICICI Direct
Stock Picks - Titan Company Ltd and Mphasis Ltd By ICICI Direct
Source: ICICI Direct
23/08/2021 11:59:03 AM
Buy Mphasis Ltd For Target Rs.2,770 - Motilal Oswal Exceptional performance in Direct business Diminishing DXC impact a positive * Mphasis (MPHL)’s 1QFY22 performance was led by 9.8% CC QoQ growth in the Direct business, while the DXC vertical (<10% of revenues now) declined once again (-18.1% QoQ CC). The EBIT margin remained stable (-20bp QoQ), as increased hiring was compensated by lower SG&A costs. It reported the highest ever TCV of USD505m in 1QFY22 (including USD250m announced on the 1QFY22 call). * With the MPHL m...
Buy Mphasis Ltd For Target Rs.2,770 - Motilal Oswal
Buy Mphasis Ltd For Target Rs.2,770 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/08/2021 11:13:43 AM
Stock Picks - Tata Motors Ltd and Mphasis​​​​​​​​​​​​​​ Ltd By ICICI Direct Tata Motors Buy Tata Motors Ltd @ 307.00-308.00 CMP 307.25 TGT 313.50 SL 304.40   Mphasis Buy Mphasis Ltd @ 2763.00-2768.00 CMP 2765.45 TGT 2812.00 SL 2741.20   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic purpose only...
Stock Picks - Tata Motors Ltd and Mphasis​​​​​​​​​​​​​​ Ltd By ICICI Direct
Stock Picks - Tata Motors Ltd and Mphasis​​​​​​​​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
13/08/2021 11:26:12 AM
Stock Picks - Mphasis Ltd and Bajaj Finance​​​​​​​​​​​​​​ Ltd By ICICI Direct Mphasis Buy Mphasis Ltd @ 2584.00-2588.00 CMP 2586.80 TGT 2625.00 SL 2564.70   Bajaj Finance Buy Bajaj Finance Ltd @ 6172.00-6178.00 CMP 6172.50 TGT 6274.00 SL 6123.70   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic pur...
Stock Picks - Mphasis Ltd and Bajaj Finance​​​​​​​​​​​​​​ Ltd By ICICI Direct
Stock Picks - Mphasis Ltd and Bajaj Finance​​​​​​​​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
27/07/2021 11:08:43 AM
Add Mphasis Ltd For Target Rs. 2,850 - Yes Securities Our view It showed strong performance in the quarter with revenue above estimate and EBIT margin along the expectation. Direct segment continues to power the revenue growth as deal booking remains strong and offers strong revenue growth visibility. The contribution from DXC segment would continue to decline and expected to settle at mid to high single digit revenue contribution. Margin pressure likely to increase with higher attrition going ahead. The valuation remains stretched as it trad...
Add Mphasis Ltd For Target Rs. 2,850 - Yes Securities
Add Mphasis Ltd For Target Rs. 2,850 - Yes Securities
Source: Yes Securities
26/07/2021 12:31:46 PM
Quote on Mphasis Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd Below is quote on Mphasis Q1FY22 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd    Mphasis reported a 6.1% qoq growth in revenues to USD 363mn which was ahead of expectations. In rupee terms revenue grew by 6.6% qoq to ₹2,690.8 crore while gross profits declined by 2.6% qoq to Rs. 716.6 crore due to increase in manpower costs. Operating profit for the quarter was up by 5.3% qoq due to tight control in SG&A expenses. Net prof...
Quote on Mphasis Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd
Quote on Mphasis Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
23/07/2021 12:12:37 PM
Stock Picks - Mphasis Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct Mphasis Buy Mphasis Ltd @ 2358.00-2364.00 CMP 2390.80 TGT 2407.00 SL 2336.40   ONGC Buy Oil and Natural Gas Corporation Ltd @ 116.00-117.00 CMP 116.80 TGT  115.20 SL 117.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information &am...
Stock Picks - Mphasis Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct
Stock Picks - Mphasis Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct
Source: ICICI Direct
19/07/2021 10:38:30 AM
Buy Mphasis Ltd Target Rs. 2480 - Religare Broking Derivative Ideas MPHASIS FUTS added around 6% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in MPHASIS in cash as per below levels. Strategy:- BUY MPHASIS BETWEEN 2370-2380 STOPLOSS 2340 TARGET 2480.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 ...
Buy Mphasis Ltd Target Rs. 2480 - Religare Broking
Buy Mphasis Ltd Target Rs. 2480 - Religare Broking
Source: Religare Broking Ltd
16/07/2021 11:18:29 AM
Stock Picks - Mphasis Ltd and Dabur India​​​​​​​ Ltd By ICICI Direct Mphasis Buy Mphasis Ltd @ 2085.00-2090.00 CMP 2087.40 TGT 2123.00 SL 2067.20   Dabur India Buy Dabur India Ltd @ 567.00-569.00 CMP 568.75 TGT  578.50 SL 562.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & acade...
Stock Picks - Mphasis Ltd and Dabur India​​​​​​​ Ltd By ICICI Direct
Stock Picks - Mphasis Ltd and Dabur India​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
1/07/2021 11:08:13 AM