External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Mphasis: Mphasis (MPHL) delivered weak Q3 performance, impacted by the steeper-than-expected decline in Digital Risk (mortgage business) and a higher furlough impact in TMT vertical</li><li>The decline in Digital Risk (DR) impacted a sequential revenue drop of ~USD 12mn (FY23E revenue negative impact of USD 59mn or ~3.7% due to DR)</li><li>We have factored in a double-digit decline in the next two quarters and a flat sequential trajectory beyond that which is in sync with Freddie Mac's quarterly outlook</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Mphasis: Mphasis (MPHL) delivered weak Q3 performance, impacted by the steeper-than-expected decline in Digital Risk (mortgage business) and a higher furlough impact in TMT verticalThe decline in Digital Risk (DR) impacted a sequential revenue drop of ~USD 12mn (FY23E revenue negative impact of USD 59mn or ~3.7% due to DR)We have factored in a double-digit decline in the next two quarters and a flat sequential trajectory beyond that which is in sync with Freddie Mac's quarterly outlookContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mphasis Ltd

Mphasis - Buy the Dip