Domestic brokerage PL Capital has upgraded its rating on Mphasis shares to 'Buy' from 'Accumulate', with a revised target price of ₹3,310 per share
Analysts attributed the up move to a pullback rally after sharp declines in past sessions. The index is currently 22.72% below its 52-week high of 46,088.90 and is down about 14.8% so far this year.
Mphasis posts double-digit growth in Q2 FY26 with net profit up 10.8 per cent to Rs 469 crore and $528 million in deal wins; BFS pipeline rises 45 per cent on AI-driven demand
IT solutions provider Mphasis on Friday reported a 10.79 per cent increase in consolidated net profit to Rs 469 crore for the July-September quarter. The company had reported a net profit (attributable to equity owners of the company) of Rs 423.3 crore in the year-ago period, according to regulatory filings. The Bengaluru-headquartered company's revenue from operations rose 10.34 per cent to Rs 3,901.91 crore in Q2 FY26, as against Rs 3,536.14 crore in Q2 FY25. Seen sequentially, profit and revenue rose by 6.18 per cent and 4.53 per cent, respectively. Our early, focused investments in AI have positioned Mphasis as a strategic partner for clients navigating their transformation journey. Another strong quarter of total contract value (TCV) wins of USD 528 million is a testimony to our AI first approach delivering business outcomes, across diverse industries., said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis. As much as 87 per cent of the deal wins were in
Another silver lining for the companies and the markets, analysts said, is the falling dependence on the H-1B visa in the last few years.
According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis
DMart, Larsen & Toubro, Mphasis, General Insurance Company, Godawari Power (GPIL) and New India Assurance (NIACL) across market categories look favourably placed on technical charts.
While India has signed a trade agreement with the UK, D-Street's focus remains firmly on the prospective trade deal between New Delhi and Washington.
Mphasis share price slipped 3 per cent, logging an intraday low at ₹2822.1 per share on Wednesday
Here is the complete list of stocks that will trade ex-dividend on July 9, following their announcements of dividend rewards for shareholders
Thus far in CY25, the Nifty IT index has been an underperformer, slipping nearly 11 per cent as compared to 5 per cent rise in the Nifty 50 index
Stocks to Watch today, June 17, 2025: Asian Paints, Sona BLW, Tanla Platforms, Mphasis are among shares to remain focus
Mphasis to integrate Sixfold's generative AI tools to help global insurers speed up underwriting, enhance accuracy and improve contextual risk decision-making
This collaboration follows the trend of adoption of AI technology in the insurance sector
Infosys, Persistent Systems and Mphasis are likely to trade with a favourable bias as a key momentum indicator - the MACD has turned positive on the technical charts for these 3 IT stocks.
IT company Mphasis on Friday said its net profit grew by 13.6 per cent to Rs 446.5 crore in January-March quarter of FY25, driven by higher margins and increased revenue from the BFSI segment. The company had reported a net profit of Rs 393.21 crore in the same period a year ago, Mphasis said in a regulatory filing. "We are pleased with a quarter of broad-based performance, reporting the highest quarter-on-quarter (QoQ) growth in 12 quarters, highest TCV (total contract value) wins in 7 quarters, highest ever quarterly and full year EPS, and 86 per cent YoY growth in pipeline. In this uncertain macro environment, our focus is on continued investments in growth, keeping tech and AI at the core, and leveraging solutions to transform and modernize our client's technology and operations stack," Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis, said in a statement. The consolidated revenue from operations of Mphasis grew by 8.7 per cent to Rs 3,710 crore during the ..
The Nifty IT index plunged amid recession-related fears due to US imposing 'reciprocal tariffs' on trading partners without showing signs of backing down
The downturn in IT stocks can be attributed to fears around recession and as manufacturing hubs in China and Taiwan face new tariffs above 30 per cent
At 9:57 AM, the Nifty IT index was trading lower by 2.30 per cent, at 39,612. It touched an intra-day low of 39,465.75 during the session so far.
The company's consolidated net profit grew nearly 15 per cent to Rs 428 crore ($49.54 million) for the quarter ended Dec. 31 compared with analysts' expectations of Rs 426 crore