Exit Mphasis, says Ashish Chaturmohta

Ashish Chaturmohta of IIFL is of the view that one should exit Mphasis.

Chaturmohta told CNBC-Awaaz, "Investors should exit Mphasis. The stock is trading on dips continuously. There is no any indication of rally in stock right now. It may go down to Rs 300 in future."

The company's trailing 12-month (TTM) EPS was at Rs 44.16 per share. (Apr, 2011). The stock's price-to-earnings (P/E) ratio was 8.37. The latest book value of the company is Rs 138.49 per share. At current value, the price-to-book value of the company was 2.67. The dividend yield of the company was 1.08%.