Motilal Oswal's research report on Mphasis
MPHL is driving incremental growth by doubling-down on its vertical- and horizontal-focused strategies, while constantly mining & onboarding potential clients through the new client acquisition (NCA) engine. The company has made a few strategic investments to facilitate its deep vertical presence and participate more into the customer-centric solutions, instead of delivering commoditized services. Moreover, BFS remains a key focused vertical and it continues to scale up through wallet share gains; while it draws attention to non-BFS units and de-risks banking heavy portfolio.
Outlook
However, Mphasis’ current valuation of 22x FY25E EPS fairly factors in the recovery in earnings growth next year. Reiterate Neutral with a TP of INR2,250 (premised on 21x FY25E EPS).
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
