Mphasis

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Stocks to watch today: Jubilant Foodworks plans to open 3,000 Domino's stores - 250 stores for Domino's India in the next 12-18 months. It also plans to start 40-50 stores for Popeyes India

Makerspace will be a collaborative workspace for making, learning, exploring, and sharing using high-tech to no-tech tools, which will enable the ideation of tech-enabled solution-centric startups

Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, a top company official said

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective

Bengaluru-headquartered global technology and business process outsourcing company Mphasis will create 1,000 jobs in the northern England region of West Yorkshire, according to the regional Mayor who has just returned from a visit to India. West Yorkshire Mayor Tracy Brabin led a trade mission to India recently and announced on Friday that she had secured multi million-pound investment for the region. The latest investment by Mphasis, expected to be completed over the next two years, will boost the company's existing presence in West Yorkshire, where it already has a workforce of 500 based in the city of Leeds. It builds on the company's creation of a UK centre of excellence in Leeds for its insurance clients last year. "I'm delighted that Mphasis has chosen to invest millions of pounds here in West Yorkshire, and proud to have them as part of our business community and partners in driving the region forward," said Brabin. "These 1,000 new jobs will have a transformative impact on

In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.

MindTree, Mphasis and Larsen & Toubro Infotech may rally up to 24 per cent, while Infosys needs to overcome its near-term hurdle for fresh gains.

Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.

The technical analyst sees Nifty support moving higher to 15,400, and resistances for the NSE benchmark at 15,750, 15,883 and 16,150.

The Blackstone-backed IT services major Mphasis will offer its next-generation digital technology services to both existing and new Fortune 500 clients through this centre

Pfizer is near its long-term support, which it has defended for the last five years. A rebound can trigger a 10 per cent upside for the stock.

The NSE IT index has been moving in a tight range, a breakout in either direcion can trigger a 2,000 points movement.

Cassie is experienced in consulting, technology solutions, outsourcing, and transformation in multiple industries across North America

Bandhan Bank, HDFC Life, Hindustan Zinc, Voda Idea, Inox Leisure, JSW Steel, Kajaria Ceramics, L&T Fin Holdings, PVR, Reliance Industries, SBI Life and Supriya Lifescience to announce results today

IT firm Mphasis on Thursday reported a 9.8 per cent increase in consolidated net profit at Rs 357.6 crore for the December 2021 quarter. The company's net profit stood at Rs 325.5 crore in the year-ago period, Mphasis said in a regulatory filing. Adjusted for M&A charges, net profit grew 16.8 per cent year-on-year to Rs 380.2 crore, it added. Revenue from operations grew 26.2 per cent to Rs 3,123.7 crore in the reported quarter from Rs 2,474.3 crore in the year-ago period. The company said its gross revenue grew 7.8 per cent quarter-on-quarter and 24.2 per cent year-on-year in constant currency terms. Its earnings per share (EPS) grew 9.5 per cent y-o-y to Rs 19.1. The company's new total contract value (TCV) wins stood at USD 335 million in Q3 FY22 in Direct business. "We have had a third consecutive quarter of strong revenue growth in FY 22. We have also undertaken multiple expansion initiatives in areas of geography, leadership, digital competencies, New Client Acquisition ..

Major IT stocks are either on verge of breakout or holding the positive bias, the positive sentiment may see up to 10% gains

Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns

State-run PSU banks and telecom stocks are likely to be in focus along with a slew of mid- and small-cap companies that shall announce their September earnings today