IT stock to watch before reversal
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.
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.
Note
Stock has reached trendline again without entering our buy range.Let's wait and watch if it gives an opportunity again
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.