ICICI Direct has given Buy recommendation for Birlasoft with a target price of Rs. 475 in its research report issued on Jul 29, 2021

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 lifescience Debt free and healthy double digit return ratio (with RoCE of >19%)


We continue to remain positive and retain our BUY rating on the stock We value Birlasoft at Rs 475 i.e. 25x P/E on FY23E EPS


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