Mphasis Limited
Pembelian
Diupdate

IT stock to watch before reversal

348
Idea is shared as Long term reversal pick only for educational purposes.

Stock name:-Mphasis
Market cap around 40000 crore
Buy in range of 1950-2050
Technically IHNS Breakout above 2500.
SL below 1650 WCB
Targets 3500, 4000++

Diving into some fundamental ratios at CMP:-
PE ratio-25 (Near 5 yr median PE and industry PE)
ROCE-28.9%
ROE-21%
Debt/Equity-0.2|| Debt/Earnings-0.96
Div yield above 2%
Promoter holding above 55% with no holding pledged.
One noteworthy observation is DII have increased stake from 17.78% to 22.55 % in last 1 year.

Catatan
Stock has reached trendline again without entering our buy range.
Let's wait and watch if it gives an opportunity again

Pernyataan Penyangkalan

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