Buy Mphasis, target price Rs 3650: Emkay Global

Emkay Global has buy call on MphasiS Ltd. with a target price of Rs 3650. The current market price of MphasiS Ltd. is Rs 3186.75. Time period given by analyst is one year when MphasiS Ltd. price can reach defined target.

Mphasis Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 59741.65 Crore) operating in IT Software sector.

Mphasis Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3154.36 Crore, up 8.28 % from last quarter Total Income of Rs 2913.16 Crore and up 25.62 % from last year same quarter Total Income of Rs 2510.95 Crore. Company reported net profit after tax of Rs 357.68 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55.95 per cent stake in the company as of 30-Sep-2021, while FIIs owned 20.85 per cent, DIIs 17.94 per cent.