Comments
Mphasis is scheduled to announce results for the first quarter ended January 31 on Thursday. On March 5, the stock surged 7.7 per cent with extraordinary volumes. Since then, it has been under pressure. However, in the last four sessions, the stock saw a surge in trading volumes. It has been on a sideways consolidation in a wide range from last June. An earnings surprise can break its immediate resistance at ₹416 to touch ₹440. Conversely, a fall below ₹390 can drag it to ₹370 or even to ₹350.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.