NSE: MPHASIS | BSE: 526299

Strong Performer, Getting Expensive

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2764.40 -129.30 (-4.47%)

High volume today

NSE 31 Oct, 2025 3:31 PM (IST)

52,544.8

Market Cap

High in industry

1.5

Beta 1Year

Very High Volatility

Estimates Beat

Mphasis' Q2 net profit and revenue beat Forecaster estimates by 1.1% and 0.7%, respectively See details

MphasiS Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MPHASIS, BSE:526299 MphasiS Ltd.

MphasiS Ltd.

17 Oct 2024

2764.40

-4.47%

Strong quarter and improving growth outlook

Neutral: MphasiS Ltd.

Target

Motilal Oswal

Mphasis (MPHL)’s 2QFY25 revenue was 2.5% QoQ in Constant Currency (CC), which was above our estimate (+2 % QoQ CC). Direct business grew 2.4%/6.2% QoQ/YoY in CC, aided by TMT and BFS.

MphasiS Ltd.'s price crossed below 50Day SMA today

MphasiS Ltd.

29 Jul 2024

2764.40

-4.47%

Mphasis (NOT RATED): Weak quarter but bullish commentary

Not Rated: MphasiS Ltd.

BOB Capital Markets Ltd.

Weak quarter despite talk of BFSI bottoming out. Significant TCV uptick QoQ from a very weak base. Much discussion on expanded pipelines

MphasiS Ltd.'s price crossed below 50Day SMA today

MphasiS Ltd.

28 Jul 2024

2764.40

-4.47%

Revenue growth remains subdued; BFS turnaround momentum slow

Sell: MphasiS Ltd.

Target

ICICI Securities Limited

MPHL’s Q1FY25 growth missed our estimates with a marginal revenue decline of 0.1% cc. BFS turnaround did not materialise in this quarter as well, with just 1.4% growth QoQ, lower than even Q4FY24 print of 2.5%.

MphasiS Ltd. is trading above its 200 day SMA of 2660.0

MphasiS Ltd.

26 Jul 2024

2764.40

-4.47%

Improvement fully priced in

Neutral: MphasiS Ltd.

Target

Motilal Oswal

Mphasis (MPHL)’s 1QFY25 revenue was flat QoQ in constant currency (CC), which was weaker than our estimate (+1.2% QoQ CC).

MphasiS Ltd.'s price crossed below 50Day SMA today

MphasiS Ltd.

08 May 2024

2764.40

-4.47%

Mphasis (HOLD): Modest growth; BFSI yet to pick up

Hold: MphasiS Ltd.

Target

BOB Capital Markets Ltd.

Regional banks and mortgages business will continue to draw down the overall BFSI segment

MphasiS Ltd.'s price crossed below 50Day SMA today

MphasiS Ltd.

27 Apr 2024

2764.40

-4.47%

In-line quarter; deal conversion picking up

Sell: MphasiS Ltd.

Target

ICICI Securities Limited

Mphasis’ revenue growth, at 2.1% QoQ CC, was largely in line our estimate of 1.9%. An uptick in BFS with the regional banking crisis showing signs of easing helped lift growth (Technology, Media and Telecom), with an uptick of 4.4%, also contributed to growth. However, TCV was at USD 177mn (down 26.6% QoQ).

Number of MF schemes decreased from 217 to 35 in Sep 2025 qtr

MphasiS Ltd.

22 Oct 2023

2764.40

-4.47%

Weakness easing but yet to gain momentum

Neutral: MphasiS Ltd.

Target

Motilal Oswal

MphasiS Ltd. has an average target of 2878.40 from 5 brokers.

MphasiS Ltd.

20 Oct 2023

2764.40

-4.47%

Multiple headwinds ahead; reiterate SELL

Sell: MphasiS Ltd.

Target

ICICI Securities Limited

Mphasis reported a big miss on revenue with flat QoQ CC growth (vs. ISEC: +1.8%) and 0.1% QoQ USD (vs. ISEC: +1.9%; consensus: +2.1%) led by challenges in conversion of TCV to revenue, discretionary spend cuts, and continued challenge in DR business as well as BFS ex-DR. Deal TCV was soft at USD 255mn, down 16% YoY, partly due to higher conversion of pipeline to TCV in Q1FY24.

MphasiS Ltd. is trading below its 30 day SMA of 2786.3

MphasiS Ltd.

27 Aug 2023

2764.40

-4.47%

Demand headwinds in BFS (largest vertical) persist, but the same is not reflected in valuations; reiterate SELL

Sell: MphasiS Ltd.

ICICI Securities Limited

We attended Mphasis analyst meet wherein the company outlined its future growth strategies: 1) focus on expanding non-BFS verticals, 2) continuing strategy of proactive large deal wins, and 3) increasing the number of clients with high revenue potential (USD 100mn+ annually).