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Buy Mphasis, price target Rs 980: Kunal Bothra

The analyst suggested a stoploss at Rs 880 .

Last Updated: Jan 24, 2020, 08.34 AM IST
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Independent analyst Kunal Bothra has a buy call on Mphasis Ltd. with a target price of Rs 980. The current price of Mphasis Ltd. is Rs 907.45. Time period given by the analyst is Intra Day when MphasiS Ltd. price can reach defined target. Kunal Bothra recommended to keep a stoploss at Rs 880 .

MphasiS Ltd., incorporated in 1992, has a market cap of Rs 16919.18 crore. MphasiS Ltd. key Products/Revenue Segments include Computer Software which contributed Rs 3434.02 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2158.11 Crore, up 4.63 % from last quarter Sales of Rs 2062.56 Crore and up 12.70 % from last year same quarter Sales of Rs 1914.84 Crore Company has reported net profit after tax of Rs 273.30 Crore in latest quarter.

The company’s top management includes Mr.Amit Dalmia, Mr.Amit Dixit, Mr.David Lawrence Johnson, Mr.Davinder Singh Brar, Mr.Marshall Jan Lux, Mr.N Kumar, Mr.Nitin Rakesh, Mr.Paul James Upchurch, Ms.Jan Kathleen Hier. Company has B S R & Co. LLP as its auditors. As on 31-12-2019, the company has a total of 186,447,473 shares outstanding.

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