Buy Birlasoft, target price Rs 810: Anand Rathi
Birlasoft with a target price of Rs 810. The current market price of Birlasoft Ltd. is Rs 634.85. Birlasoft Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 17492.42 Crore) operating in IT Software sector.
Birlasoft Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1408.27 Crore, up 2.71 % from last quarter Total Income of Rs 1371.12 Crore and up 15.05 % from last year same quarter Total Income of Rs 1224.08 Crore. Company reported net profit after tax of Rs 180.08 Crore in latest quarter.
Promoter/FII Holdings Promoters held 40.92 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.48 per cent, DIIs 18.59 per cent.
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