proposal of MphasiS BFL to hike the limit for investment by foreign
institutional investors may not be a significant factor in the price
formation of the stock in the short term. The price trends may be
more influenced by the overall market sentiment for the tech stocks.
The existing limit yet to be exhausted. Currently, the limit for
FII investments in MphasiS BFL is 24 per cent of its equity of Rs
15.9 crore. Even this limit is yet to be completed availed of by
the FIIs. In this context, the move to hike the limit for FIIs may
have marginal significance from a price perspective.