{"id":847220,"date":"2024-08-23T09:31:16","date_gmt":"2024-08-23T04:01:16","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=847220"},"modified":"2024-08-23T09:46:23","modified_gmt":"2024-08-23T04:16:23","slug":"mphasis-shares-rise-4-to-hit-2-year-high-after-nuvama-upgrades-rating-to-buy","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/23\/mphasis-shares-rise-4-to-hit-2-year-high-after-nuvama-upgrades-rating-to-buy\/","title":{"rendered":"Mphasis shares rise 4% to hit 2-year high after Nuvama upgrades rating to \u2019buy\u2019"},"content":{"rendered":"<p>Mphasis, a global IT solutions provider, saw its shares rise for the sixth consecutive trading session on Thursday, climbing 4 per cent to reach a two-year high of \u20b93,153 per share. This surge followed Nuvama Institutional Equities&#8217; upgrade of the stock from &#8216;hold&#8217; to &#8216;buy,&#8217; with a target price of \u20b93,500, citing improved growth prospects.<\/p>\n<p>According to the brokerage, the company has experienced sluggish growth in recent years, with a 7.8 per cent decline in FY23 and a 6.3 per cent drop in FY24. However, it anticipates a reversal of this trend as the macroeconomic environment improves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mphasis, a global IT solutions provider, saw its shares rise for the sixth consecutive trading session on Thursday, climbing 4 per cent to reach a two-year high of \u20b93,153 per share. This surge followed Nuvama Institutional Equities&#8217; upgrade of the stock from &#8216;hold&#8217; to &#8216;buy,&#8217; with a target price of \u20b93,500, citing improved growth prospects. According to the brokerage, the company has experienced sluggish growth in recent years, with a 7.8 per cent decline in FY23 and a 6.3 per cent drop in FY24. However, it anticipates a reversal of this trend as the macroeconomic environment improves.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-847220","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/847220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=847220"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/847220\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=847220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=847220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=847220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}