Sell MphasiS, target price Rs 1950: ICICI Securities

ICICI Securities has sell call on MphasiS with a target price of Rs 1950. The current market price of MphasiS Ltd. is Rs 2344.

MphasiS Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 44246.90 Crore) operating in IT Software sector.

MphasiS Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3476.23 Crore, up 2.48 % from last quarter Total Income of Rs 3392.19 Crore and up 2.13 % from last year same quarter Total Income of Rs 3403.82 Crore. Company reported net profit after tax of Rs 393.22 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.45 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.84 per cent, DIIs 24.41 per cent.