BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
HDFC Securities maintains buy on Mphasis
HDFC Securities has maintained buy on Mphasis for targe price of Rs 690. It says following prolonged stagnation in growth (-2% revenue CAGR over the last three to five years), the company is now expected to touch industry-level growth, supported by its BFSI competencies (62% of revenue with marquee accounts), progress/opportunities in Blackstone's (BX) portfolio, and growth lever in the HP/DXC channel (earlier a drag at -18% CAGR over two to five years).