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Top crypto tokens were trading mixed, with minor changes. Polkadot was down 1%, while Shiba Inu, Litecoin and Cardano followed. Tron and Dogecoin led the losers.

The stock quoted a 52-week high price of Rs 2864.35 and a 52-week low of Rs 2002.5.

Buying is seen across the healthcare space and the stock is likely to outperform in the coming sessions. “Looking at overall chart structure on the daily scale we expect the stock to move upwards towards 5050 zones from current levels with a stop loss below Rs 4600 zones on a closing basis in the next 3-4 weeks,” recommends Beriwal.

The stock traded at a P/E multiple of 10.82, while the price-to-book value ratio stood at 1.06.

“We are starting to see a lot of production move to other places and one of the stories for Indian investing over the coming years will be how India can benefit from this move away from China. But in the short term, this is problematic because it raises the problems that a lot of the world’s raw ingredients or a lot of the early stage and even later stage manufacturing is coming from one place.”

MphasiS, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 37176.44 Crore) operating in IT Software sector.

The Nifty IT index was trading 0.17 per cent up at 28813.65.

Gold futures on MCX were trading flat, with mild gains of 0.07% or Rs 39 at Rs 55,110 per 10 grams. Silver futures ticked up by 0.03% or Rs 20 at Rs 69,729 per kg.

"Most Indian investors do not have a good core international portfolio available and that could be a great place to start. Talking specifically about technology, last two years have been very different. 2022 behaved differently from 2021 and saw the start of almost 350 to 275 bps rise in interest rates. Mmost of the contraction is happening globally and there is a global risk-off environment. "

“I believe that with the entry of new players, the market will further deepen, coupled with the fact that India is a growth story for the world itself. As the incomes are rising, the premium will go further up. Everybody has a space to play and to benefit from this market which is expanding very fast.”