Birlasoft: Buy Birlasoft, target price Rs 330: Emkay Researc

Birlasoft: Buy Birlasoft, target price Rs 330: Emkay Research


Emkay Research has a buy call on
Birlasoft Ltd. with a target price of Rs 330 for a time frame of 12 months. The current market price of Birlasoft Ltd. is Rs 297.8 .
Birlasoft Ltd, incorporated in the year 1990, is a Small Cap company with a market cap of Rs 8210.44 Crore, operating in IT Software sector.
Birlasoft Ltd's key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2020.
Investment Rationale
According to Emkay Research, revenue growth for the company was broad-based and was led by lifesciences (4 per cent QoQ), manufacturing (3.7 per cent), energy & utilities (3.2 per cent) and BFSI (1 per cent). Management expects all verticals to register growth in FY22, with manufacturing and lifesciences verticals leading growth, it added.

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