MPHASIS

Mphasis Limited is a mid-cap IT services company headquartered in Bengaluru. The company provides cloud services, digital transformation, AI, cybersecurity, and outsourcing solutions mainly to banking, financial services, telecom, and logistics sectors. Promoter Blackstone Inc. holds a significant stake, giving the company strong institutional backing. Market Cap: ₹53,000+ Cr PE Ratio: 30 Dividend Yield: 2% ROE: Healthy double digit range Long-term trend: Sideways to moderately bullish Strong support zone: ₹2500 – ₹2600 Resistance zone: ₹3000 – ₹3050 Breakout above resistance can trigger fresh momentum in IT sector stocks.