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Jefferies bullish on CMS Info Systems: Target price hiked by 40% to ₹600, re-rating ahead; here's why
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₹600 from the previous ₹460 and maintains its ‘buy’ rating. However, Jefferies added that the scale-up of new segments by the firm aids a potential re-rating on the stock in the near-term, depending upon growth.
‘’As diversification plays out, we see potential for rerating. We raise target price to ₹600 (from ₹460) based on 19x Jun-26 PE and add this among our top-picks in mid-cap space with ‘Buy’ rating.
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