HomeNewsBusinessStocksHold Birlasoft; target of Rs 310: ICICI Direct

Hold Birlasoft; target of Rs 310: ICICI Direct

ICICI Direct recommended hold rating on Birlasoft with a target price of Rs 310 in its research report dated October 23, 2022.

October 26, 2022 / 14:48 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%).

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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.