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Sell MphasiS, target price Rs 1950: ICICI Securities

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April 30, 2024
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Sell MphasiS, target price Rs 1950:  ICICI Securities
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ICICI Securities has sell call on MphasiS with a target price of Rs 1950. The current market price of MphasiS Ltd. is Rs 2344.

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 Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2022. Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3476.23 Crore, up 2.48 % from last quarter Total Income of Rs 3392.19 Crore and up 2.13 % from last year same quarter Total Income of Rs 3403.82 Crore. Company reported net profit after tax of Rs 393.22 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 55.45 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.84 per cent, DIIs 24.41 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Tags: ICICImarket newsMarketsMphasismphasis ltdMphasiS stocksNiftypriceSecuritiesSellsensexStocks to buytarget
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