India's Mphasis rises as brokerages bullish on deal wins

Mphasis

28/07/2025 05:16

** Shares of Mphasis MBFL.NS rise 2.4% to 2,689 rupees

** Stock lost 4% on Friday after first-quarter results

** MBFL top gainer in Nifty IT index .NIFTYIT, which is down 0.9%

** Brokerages bullish on strong deal wins and robust pipeline, expecting it to drive growth despite near-term margin pressures

** Investec maintains "buy" rating; raises TP to 2,980 rupees from 2,665 rupees, implying a ~13.5% upside from last close

** Nomura maintains "neutral" rating; raises TP to 2,760 rupees from 2,700 rupees, implying ~2.8% upside from last close

** MBFL rated "buy" by 34 analysts on average; median target price is 2,950 rupees – as per data compiled by LSEG

** Stock down 5.6% YTD vs Nifty IT down 18.44 Y/T YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))