Aditya Birla Money has maintained neutral rating on Mphasis and has set a target price of Rs 400, in its December 14, 2012 research report.
"MphasiS, during Q4FY12, Mphasis's topline declined by 3.6% to Rs 13.06 bn from Rs 13.55 bn on QoQ basis and decreased by 0.6% on YoY basis. The revenue continued to decline in $ terms for the fifth consecutive quarter, this time by modest 0.5%. HP channel continued to remain under pressure due to project ramp down (declined by 5.4% QoQ). Even, Direct Channel witnessed delay in project closures (declined by 1.5%). Interestingly, Non-ES part of HP business continued to grow at a healthy pace of growth of 8.1% and helped them to increase the Non-ES proposition to 10.5% in Q4FY12 vs 6.2% in Q1FY12.
ICICIdirect.com is bullish on Tata Motors and has recommended buy rating on the stock with a target price of Rs 325, in its December 14, 2012 research report.
"Tata Motors has remained in a secular bull trend since bottoming out in the early part of 2009. It was among the first few stocks to surpass its 2008 peaks during the 2009-10 rally and has made significant strides since then. The stock was the first to bottom out during the 2010-11 decline as it hit a major trough of Rs 135 during September 2011 and, thereafter, rallied to record its all-time high of Rs 320 levels by April 2012. The subsequent decline from the all-time highs saw the stock retrace the September 2011-April 2012 rally by precisely 61.8%, which is also referred to as the Golden Fibonacci ratio as secular bull markets seldom correct more than 61.8%.