Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!

Buy Mphasis; target of Rs 3550: ICICI Direct

ICICI Direct is bullish on Mphasis recommended buy rating on the stock with a target price of Rs 3550 in its research report dated January 24, 2022.

January 31, 2022 / 11:49 AM IST

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on Mphasis

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


We change our recommendation on the stock from HOLD to BUY. We value Mphasis at Rs 3550 i.e. 32x P/E on FY23E EPS.

More Info on Trent


At 17:30 MphasiS was quoting at Rs 3,037.65, up Rs 104.30, or 3.56 percent.

It has touched an intraday high of Rs 3,108.40 and an intraday low of Rs 2,979.15.

It was trading with volumes of 10,294 shares, compared to its thirty day average of 24,186 shares, a decrease of -57.44 percent.

In the previous trading session, the share closed down 4.28 percent or Rs 131.05 at Rs 2,933.35.

The share touched its 52-week high Rs 3,659.75 and 52-week low Rs 1,399.30 on 19 October, 2021 and 24 February, 2021, respectively.

Currently, it is trading 17.02 percent below its 52-week high and 117.03 percent above its 52-week low.

Market capitalisation stands at Rs 57,035.05 crore.

 For all recommendations reportclick 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.

Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Broker Research
first published: Jan 31, 2022 11:49 am
ISO 27001 - BSI Assurance Mark