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Hold Mphasis: target of Rs 2725: ICICI Direct

ICICI Direct recommended hold rating on Mphasis with a target price of Rs 2725 in its research report dated July 23, 2021.

July 27, 2021 / 04:14 PM IST
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ICICI Direct's research report on Mphasis

Mphasis 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 are expected to grow at a healthy pace in coming years OCF, EBITDA of 75% and double digit return ratio (with RoCE of 20%)


However, recent run up in price prompts us to maintain HOLD rating   We value Mphasis at Rs 2725 i.e. 29x P/E on FY23E EPS


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 27, 2021 04:14 pm

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