Is MphasiS a ‘Buy’ now? This is what Nuvama says….

Mphasis closed the week with strong 7% gains after the 3% surge in Friday’s trade. In fact, the IT stocks bucked the overall market trend on Friday and clocked smart gains and MphasiS was amongst the star performers. The share price rallied as investors gave a thumbs up to the in-line set of results with strong deals-wins. Brokerage house, Nuvama has maintained its Buy rating on the stock