Stock Martket BSE » Mphasis – EBITDA margins http://www.stockmarketbse.com Technical Analysis, Free Intraday Tips, Long Term Investment TIps, Short Term Investment Tips Mon, 06 Feb 2012 03:37:09 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Motilal Oswal has downgraded Mphasis to neutral rating with a price target of Rs 710 http://www.stockmarketbse.com/motilal-oswal-has-downgraded-mphasis-to-neutral-rating-with-a-price-target-of-rs-710/2010/02/28 http://www.stockmarketbse.com/motilal-oswal-has-downgraded-mphasis-to-neutral-rating-with-a-price-target-of-rs-710/2010/02/28#comments Sun, 28 Feb 2010 11:27:36 +0000 admin http://www.stockmarketbse.com/?p=1890
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    “Mphasis 1QFY10 results were in line with expectations, excluding impact of higher than anticipated forex gains on revenue and other income. EBITDA margins were in line with expectations at 26.3% (v/s est. of 26.4%) and profits were flattish, excluding impact of forex gains. The stock quotes at P/E of 13.9x FY10 (YE Oct) and 13.3x FY11 earnings. We downgrade the stock to Neutral, with a target price of Rs 710, based on 14x FY11 earnings. We expect pricing cut from its parent HP and uncertainty on applications pricing going forward to weigh on the stock in the interim. Lower than anticipated pricing declines can provide upsides to our estimates, “says Motilal Oswal research report.

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