Buy Mphasis, target price Rs 2020: Motilal Oswal

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Buy Mphasis, target price Rs 2020:  Motilal Oswal


Motilal Oswal has buy call on Ltd. with a target price of Rs 2020. The current market price of Mphasis Ltd. is Rs 1741.4.

Mphasis Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 32586.57 Crore) operating in IT Software sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2510.95 Crore, up 2.01 % from last quarter Total Income of Rs 2461.55 Crore and up 8.56 % from last year same quarter Total Income of Rs 2312.88 Crore. Company reported net profit after tax of Rs 325.53 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 56.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 22.1 per cent, DIIs 16.2 and public and others 5.5 per cent.



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