ICICI Direct has given Buy recommendation for Birlasoft with a target price of Rs. 440 in its research report issued on May 25, 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 lifescience • Debt free and healthy double digit return ratio (with RoCE of >19%).

Outlook

We maintain BUY rating on the stock. We value Birlasoft at Rs 440 i.e. 22x P/E on FY24E EPS.

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