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The global brokerage firm foresees high long term revenue growth and margin improvement for TCS, Infosys and HCL Tech and other IT firms

Morgan Stanley raises Infosys, TCS, HCL Tech target prices; check the ratings

On the structural front, the Nifty50 index is buttressed by a robust support at 19,230, and a subsequent crucial floor at 18,887.

Hot Stocks | Mahindra &amp; Mahindra, Mphasis, Maruti Suzuki can return up to 11% in short term, here's why

Motilal Oswal recommended Neutral rating on Mphasis with a target price of Rs 2250 in its research report dated August 27, 2023.

Neutral Mphasis; target of Rs 2250: Motilal Oswal

It appears that the Nifty Index is currently in a rangebound trend between 19,234 – 19,645 levels in the short to medium term

Hot Stocks | Mahindra Holidays, Sun TV, Mphasis may deliver in double digits in short term

FIIs have withdrawn around $2.12 billion from the information technology sector, so far, in 2023 amid a challenging demand environment. Mutual funds, however, increased stakes in some midcap IT companies in the June quarter

FIIs cut stake in IT players in Q1, Wipro, HCL Tech resilient

Motilal Oswal recommended Neutral rating on Mphasis with a target price of Rs 2250 in its research report dated July 22, 2023.

India’s second-largest IT services firm not only missed earnings estimates but also slashed its revenue growth guidance for the current fiscal to 1-3.5 percent from 4-7 percent.

IT stocks spiral lower as Infosys sours sentiment

The company is yet to hold its analyst concall, following which brokerages will revise their estimates

Persistent Systems falls as Q1 numbers miss estimates, profit down 9% QoQ

The Bengaluru-based company’s revenue fell 4.6 percent YoY to Rs 3,252 crore in the quarter ended June.

Mphasis dips after lacklustre Q1 show

Mphasis shares gained nearly 8 percent to settle at Rs 2,070 and formed strong bullish candlestick pattern on the daily timeframe with significantly higher volumes. The rally was seen after more than a month of consolidation, and the stock came back above 200-day EMA (Rs 2,012).

Trade Spotlight | Your trading strategy for Mastek, Mphasis, Medplus Health Services today

Mphasis Ltd. engages in the provision of application development and maintenance services, infrastructure outsourcing, and business and knowledge process outsourcing solutions. It operates through the following segments: Banking and Financial Services, Logistics and Transformation, Technology Media and Telecom, Insurance, and Others. The company was founded in June 2000 and is headquartered in Bangalore, India.

Watchers	144
52-Wk Low	1,660.05
52-Wk High	2,552.00

Market Cap	465.74B
Volume (M)	301,535.00
52-Wk High	2,552.00
52-Wk Low	1,660.05

MPHASIS.NSE Mphasis Ltd

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