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Company updateMoneycontrol

ICICI Securities raises Mphasis target to Rs 3030

Positive+4

GreyOak summary

ICICI Securities raised its target price for Mphasis to Rs 3030, retaining a BUY rating. The firm upgraded FY27 guidance to low double-digit growth, citing a record pipeline and improved revenue conversion. Management expects an operating cash flow to PAT ratio of 80% for FY27.

What it affects

  • MphasiSMPHASISPositive +4

    Target raised to Rs 3030 on improved guidance.Rolling sentiment Positive +47

Source

Read the original at Moneycontrol

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