Driving incremental efforts to stimulate growth engines.

Mphasis - Growth To Recover In FY25; Valuation Remains Full: Motilal Oswal

SEBI: Brightcom Group (BGL) Chairman & CEO, CFO barred from holding positions in listed cos. 23 noticees prohibited from disposing BGL shares. BEML wins Rs 101cr MoD order; Linde India awarded IOCL job-work contract; Axiscades acquires add-solution; LIC increases Mphasis stake; Evergraph Holdings se…

Stocks that will see action today: August 23, 2023

Here are the stocks to watch before going into trade today.

Stocks To Watch: Brightcom, Jio Financial Services, TVS Supply Chain Solutions, Mphasis, Aeroflex Industries

Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 17.19 per cent and 13.04 per cent, respectively.

Share price of Mphasis falls as Sensex drops 101.26 points

Blackstone interested in acquiring Cipla’s 33.47% stake, but stock surge in past month has made deal more expensive. Open offers in past for R Systems & Mphasis had lukewarm response.

As Cipla’s stock runs up, deal pricing key for Blackstone

Q1 Review: Mphasis’ June Revenue Meets Estimates, Margin Remains Flat

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 sees muted growth in the April-June quarter amid a slowdown in the sector.

CEO Nitin Rakesh and CFO Manish Dugar share outlook for the coming quarters. #BQLive 
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Q1 Review: Mphasis' June Revenue Meets Estimates, Margin Remains Flat | BQ Prime

A total of 23,171 shares changed hands on the counter till 10:05AM (IST)

Mphasis shares gain 4.34% as Sensex rises

Coforge, Tech Mahindra, Mastek, Mphasis and Cyient rose up to 2.8 per cent. HCL Technologies, whose Q1 results missed the Street estimates, also added 0.56 per cent o Rs 1,116.40.

TCS, Wipro, Infosys, Persistent, Birlasoft, Zensar shares jump up to 7%. Here’s why

Infosys, Coforge, Mphasis, Persistent Systems and Zensar Tech would announce quarterly results on July 20. For IT firms, June quarter growth is likely to remain weak in line with March quarter despite seasonality, said HSBC.

TCS, HCL Tech to share Q1 results on July 12, Wipro July 13, Infosys July 20. Full list

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Mphasis Limited is a information technology (IT) services and solutions provider. The Company is engaged in offering applications, business process outsourcing (BPO) and infrastructure services.

Mphasis Ltd