Dear khan
MPHASIS BFL has posted good results this year and also in the last quarter.. the yearly EPS is also satisfactory. the hot news of today posted on BSE site is that BHARTI has choosen Mphasis BFL to outsource its call center operations. this good news is the much needed platform for any stock to start a rapid movment.
technically just few more corrections are seen, probably in 2-4 trading sessions the stock has a support at 257 levels which in the current Scenario, seems difficult to breach and move down. the stock is now bound to have some upper fast movment, thanks to BHARTI.
if somebody else is planning to enter it seems a good position to make a buy b/w 257-262. the target seems way above at around 350 at the moment. I know most of us might be apprehensive for this target but then this is what the stock market is all about SURPRISES......
regards
RAVI T