ICICI Direct has given Hold recommendation for Birlasoft with a target price of Rs. 310 in its research report issued on Oct 23, 2022
ICICI Direct’s research report on Birlasoft
Birlasoft Ltd (Birlasoft) has strength in non-ERP digital businesses like CRM, B & data analytics, app development & enterprise solution. The company caters to manufacturing, BFSI, energy & utility and life sciences • Debt free and healthy double digit return ratio (with RoCE of >19%).
Outlook
We change our rating on the stock from BUY to HOLD. We value Birlasoft at Rs 310 i.e. 15x P/E on FY25E EPS.