Buy Mphasis Ltd for the Target Rs 2,700 by Motilal Oswal Financial Services Ltd
Stronger FY27 on the horizon Near-term growth visibility improving; margin outlook unchanged * Mphasis (MPHL)’s 1QFY27 revenue grew 2.1% QoQ in constant currency (CC), broadly in line with our estimate of 2% QoQ CC. Direct revenue rose 2.2% QoQ CC and 9.9% YoY CC. TCV was up 13% YoY to USD461m. EBIT margin stood at…