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Hold Mphasis: Indiabulls Securities

Posted on: July 1st 2009 in Brokerage Recommendations.

Indiabulls Securities Research has maintained its hold rating on Mphasis in its June 29, 2009 report. “At the current market price of Rs 392.35, Mphasis trades at a forward P/E of 13.7x for 2009E. In our view, the Company will continue its growth momentum supported by its associati…

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