Stocks To Buy For Mid term : Stock Recommendations

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MphasiS Ltd.
Recommendation: Buy
Market Price: Rs 677.25
Target Price: Rs 750
Stoploss: 628

MphasiS has been sprucing up sales force under the direct channel to boost revenues through new client relationships. The company is seeking inorganic growth opportunities, backed by a strong cash balance of Rs 1,639.5 crore. At CMP, MphasiS is trading at 13.3x P/E FY2011E with RoE of 31%.
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