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%).


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.

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