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Buy Birlasoft; target of Rs 420: ICICI Direct

ICICI Direct is bullish on Birlasoft has recommended buy rating on the stock with a target price of Rs 420 in its research report dated August 04, 2022.

August 07, 2022 / 12:16 PM IST
 
 
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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 maintain BUY rating on the stock. We value Birlasoft at Rs 420 i.e. 21x P/E on FY24E EPS.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Birlasoft - 050822 - ic

Broker Research
first published: Aug 7, 2022 12:16 pm

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