Mphasis share pops 3% as Jefferies initiates with ‘Buy’, sees 21% upside

Mphasis share price: Information technology (IT) company major Mphasis shares were in demand on Monday, January 6, 2025, as the scrip gained up to 3.03 per cent to hit an intraday high of Rs 2,955.65 per share.

The northward move in Mphasis share price came after New York-based financial services company Jefferies initiated coverage with ‘Buy’ for a target price of Rs 3,460 per share. The target price reflects 20.6 per cent upside from the previous close of Rs 2,868.70 on January 3, 2025.