Concerns may be overdone, downside limited for Mphasis stock

While there are worries over de-growing DXC business and buzz of Blackstone's exit, deal pipeline and growth in other verticals remain strong

Topics
Mphasis | Markets

Yash Upadhyaya  |  Mumbai 

Shares of Bengaluru-based IT services company Mphasis are trading with marginal gains over the past three months, sharply lagging Nifty IT index's 18 per cent gains in this period.

While its outperformance during July-September could be a reason, concerns over Mphasis’ DXC business and buzz of stake sale by private equity (PE) player Blackstone have kept investors on the side-lines despite the company's healthy fundamentals. Mphasis is a subcontractor/partner for DXC Technology, a US-based IT services and solutions company that has seen pressure in its business and is ...

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First Published: Mon, December 21 2020. 17:39 IST
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