A total of 4,371 shares changed hands on the counter till 11:43AM (IST)

A total of 10,540 shares changed hands on the counter till 11:43AM (IST).

Promoters held 55.72 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 20.48 per cent and 13.22 per cent, respectively.

The stock quoted a 52-week high price of Rs 3466.4 and low of Rs 1897.35.

As of 31-Dec-2022, promoters held 55.72 per cent stake in the company, while FIIs held 20.48 per cent and domestic institutional investors had 13.22 per cent.

We believe that some of the pipelines that we have built up over the vendor consolidation theme should start to translate into TCV in the coming quarters. At this stage, we are focusing on the micro while being attentive to the developing macro environment.

The stock quoted a 52-week high price of Rs 3466.4 and a 52-week low of Rs 1897.35.

A total of 2,471 shares changed hands on the counter till 11:17AM (IST).

ICICI Direct recommended hold rating on Mphasis with a target price of Rs 2070 in its research report dated January 23, 2023.

A total of 8,879 shares changed hands on the counter till 10:05AM (IST).

Anand Rathi is bullish on Mphasis has recommended buy rating on the stock with a target price of Rs 2820 in its research report dated January 23, 2023.

As of 31-Dec-2022, promoters held 55.72 per cent stake in the company, while FIIs held 20.48 per cent and domestic institutional investors had 13.22 per cent.

MphasiS, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 37958.43 Crore) operating in IT Software sector.

HDFC Securities is bullish on Mphasis has recommended buy rating on the stock with a target price of Rs 2450 in its research report dated January 21, 2023.

On the technical charts, the 200-day moving average of the stock stood at Rs 2251.18.

On the technical charts, the 200-day moving average of the stock stood at Rs 2257.5.

A total of 3,026 shares changed hands on the counter till 11:54AM (IST)

“Ahead of the Budget, the 17,750-17,800 zone has become very crucial. From a short-term perspective, 17850, 17 900 and 17950 puts have seen a lot of additions. That means lower levels around 17900, 17930 for the day should act as a strong support. On the upside, if we see 18,000 strike price call, that is where the highest open interest is placed.”

A total of 8,304 shares changed hands on the counter till 12:04PM (IST).

A total of 15,375 shares changed hands on the counter till 12:40PM (IST).

The stock quoted a 52-week high price of Rs 3466.4 and low of Rs 1897.35.

For seven straight quarters, FIIs have trimmed their holdings in HCL Technologies. From 24.92% in the quarter ended December of 2020, FIIs holding in the company came down to 17.2% in the quarter ended September of 2022.

A total of 7,586 shares changed hands on the counter till 01:06PM (IST)

A total of 5,557 shares changed hands on the counter till 10:15AM (IST)

The stock quoted a 52-week high price of Rs 3466.4 and low of Rs 1897.35.

A total of 3,369 shares changed hands on the counter till 10:05AM (IST)

A total of 12,989 shares changed hands on the counter till 10:52AM (IST)

Amid concerns around margins and growth outlook, at least 3 IT stocks - Wipro, LTIMindtree and Tech Mahindra - are down over 40% in the last one year period. All the remaining ones have also seen double-digit losses.

“Any investors who want to make a healthy allocation to IT, possibly this is the right time to add to the high quality IT stocks over the next couple of quarters and stay put for the next two to three years. This is the same strategy which we applied into the banking and financial services two years ago when we expected credit growth to pick up.”

On the technical charts, the RSI of the stock stood at 53.14.

The weakening macroeconomic environment in the US and Europe – two major markets for IT firms – have not had a major impact on deal pipeline in the last quarter, but investors would want to see how it shapes up for the ensuing quarters.

The weakening macroeconomic environment in the US and Europe – two major markets for IT firms – have not had a major impact on deal pipeline in the last quarter, but investors would want to see how it shapes up for the ensuing quarters.

AMFI stock categorization is mainly referred to by active equity mutual fund managers. As the stocks move up from lower categorization to higher (say small-cap to mid-cap and midcap to large-cap), it increases their visibility. Fund managers typically further analyse such stocks and add them as per their rationale while complying with the scheme mandate.

Analysts ET spoke to said they expect companies to deliver median revenue growth of 1-4% quarter-on-quarter (QoQ), and 7-9% year-on-year (YoY). Bellwethers TCS, Infosys, and HCL are likely to report expansion in margins, while tier-two companies, such as LTIMindtree, KPIT, Persistent Systems, and Coforge, are expected to report strong quarters.

Analysts ET spoke to said they expect companies to deliver median revenue growth of 1-4% quarter-on-quarter (QoQ), and 7-9% year-on-year (YoY). Bellwethers TCS, Infosys, and HCL are likely to report expansion in margins, while tier-two companies, such as LTIMindtree, KPIT, Persistent Systems, and Coforge, are expected to report strong quarters.

The stock traded at a P/E multiple of 23.92, while the price-to-book value ratio stood at 9.13.

On the technical charts, the RSI of the stock stood at 47.97.

A total of 9,471 shares changed hands on the counter till 10:00AM (IST)

A total of 2,935 shares changed hands on the counter till 11:38AM (IST).