Birlasoft Share Price Target Forecast 2022, 2023, 2025, 2030

DECEMBER 1, 2021

Sharekhan: Birlasoft Share Price Target 2022; Buy For Rs 580

Sharekhan is positive on Birlasoft, recommending a BUY rating on the company with a target price of Rs 580 in a research report dated November 30, 2021.

Birlasoft has successfully transitioned its company from enterprise business to enterprise digital solutions over the years, and it is well positioned to take advantage of possibilities by using its product and platform-based solutions. Despite reduced billable days, management is optimistic in delivering significant revenue growth in Q3FY22, thanks to strong broad-based demand, enhanced enterprise solutions, and the ramp-up of a new transaction.

Non-enterprise firms must keep up with the current rate of expansion. By fiscal year 2025, management wants to create $1 billion in yearly revenue, up from $548 million now. Of that, $800-850 million will come from organic activity, with the remainder coming from inorganic activity. It also forecasts an 18 percent EBITDA margin till FY2025.

Outlook

With a pt of Rs.580, we shop at Birlasoft. Because of its excellent profits growth potential, robust Deal ACV traction, micro-vertical prospects, and concentrated focus on strong demand.

Moneycontrol.com is the source for this information.


24 NOVEMBER, 2021

What should you do if the price of Birlasoft’s stock drops?

Mazhar Mohammad of chartviewindia.in has recommended this

After over two months of halving, it appears that this counter has restarted its uptrend with a consolidation breakthrough. Despite the price’s quick rise, which was mostly due to volume, it is approaching key resistance marks on the longer term charts.

As a result, if the surge continues, the strength might reach Rs 540. Traders who already possess this counter might consider booking gains in the upcoming session if the surge continues, despite the risk-reward ratio not being favourable.

Meanwhile, any weakness in the Rs 480 to Rs 470 range might provide a chance to enter new long positions with stops below Rs 445.

Moneycontrol.com is the source for this information.


22 NOVEMBER, 2021

Trading ideas for Birlasoft Share Price Target over the next 3-4 weeks

Subash Gangadharan, Senior Derivative & Technical Analyst at HDFC Securities, recommends it.

Birlasoft: Buy | LTP: Rs 469.25 | Stop Loss: Rs 418 | Target: Rs 580 | Return: 23.6 percent

Birlasoft has been steadily increasing in size over the last few months, resulting in higher tops and lower bottoms. On the back of above-average volumes, the stock broke out of its trading range of Rs 384-458 this week. This is a positive sign for the uptrend to continue.

With the stock trading above major moving averages such as the 20- and 50-day SMAs and the 14-day RSI, technical indicators are pointing to additional upsides.

We recommend buying near the Rs 465-473 level because the intermediate technical setup appears to be positive. The current market price is Rs 469.25. The stop loss is set at Rs 418, and the target is set at Rs 580.

Moneycontrol.com is the source for this information.


24 NOVEMBER, 2021

Why is a short-term price target for Birlasoft possible?

Vidnyan Sawant of GEPL Capital has recommended this 

Birlasoft: Buy | LTP: Rs 475.05 | Stop Loss: Rs 435 | Target: Rs 543 | Return: 14.3 percent

Birlasoft has delivered a strong consolidation breakout with volume confirmation that has been developing for the previous 5 months, as well as a new life time high, indicating a strong medium to long term bullish trend for the company. Since June 2020, the stock has been taking strong support on the 20-week SMA (Simple Moving Average), indicating that it is in a long-term bullish phase.

On all time frames, the momentum indicator RSI is trading above 60, indicating a strong positive momentum for the stock in the medium to long term.

We feel this stock has a lot of potential based on its price movement, momentum indicators, and other technical factors. Prices are expected to climb towards the Rs 514 level (50 percent growth level of Rs 215 – projected at Rs 393 to Rs 457) in the next months, followed by Rs 543 (61.8 percent expansion level of Rs 215 – Rs 457 – Rs 393).

On a closing basis, the stop loss for this trade setup will be Rs 435.

Moneycontrol.com is the source for this information.


AUGUST 4, 2021

ICICI Direct has a target price of Rs 475 for Birlasoft’s stock.

In a research report dated July 29, 2021, ICICI Direct recommended a BUY rating on Birlasoft with a target price of Rs 475.

Birlasoft Limited (Birlasoft) is a company that specialises in non-ERP digital companies including CRM, B&Data Analytics, App Development, and Enterprise Solutions. Manufacturing, BFSI, Energy & Utility, and Life Sciences are served by the firm, which is debt-free and has a high double-digit return ratio (ROCE of >19%).

Outlook

We remain bullish on the stock and retain our BUY recommendation. Birlasoft is valued at Rs 475 (25x P/E) based on FY23E EPS.

Moneycontrol.com is the source for this information.


AUGUST 4, 2021

Anand Rathi’s price target for Birlasoft is Rs 500.

Anand Rathi is positive on Birlasoft, recommending a BUY rating on the company with a target price of Rs 500 in his research report dated July 29, 2021.

In terms of growth and profitability, Birlasoft had a steady quarter. TCV fell sequentially (on an LTM basis), although management expressed optimism about consumer involvement and the return of discretionary spending. Healthcare, which has been shaky in the past, is expected to improve its position on the huge transaction. Manufacturing, the company’s largest vertical (up 9% q/q), increased fast, propelling the company’s expansion.

Due to supply disruptions, the firm lost 1% of its revenue in Q1, although this is expected to be mitigated in Q2. Despite the pay boost in Q2, margins are likely to improve further from Q1 to H2.

Outlook

To meet our aim of Rs 500 crore, we would raise our FY22e/23e margin by 12 percent /15 percent net (25x FY23 PE).

Moneycontrol.com is the source for this information.


29 JULY 2021

Sharekhan’s price target for Birlasoft is Rs 500.

Sharekhan is positive on Birlasoft, recommending a BUY rating on the company with a target price of Rs 500 in a research report dated July 28, 2021.

Despite the second wave of COVID-19, revenue growth was solid; New Deal TCVs remained low, but are likely to rise as a result of a healthy deal pipeline and the relaxation of travel restrictions. Despite the pay reduction, management expects 15% year-over-year revenue growth in fiscal 2022, driven by a solid deal pipeline, good deal wins, and strong growth in top customers; the EBITDA margin in Q2 will stay unchanged.

During FY2021-FY2023E, we expect revenue and earnings to grow at a 15 percent and 29 percent CAGR, respectively. We favour the stock because of its strong net cash position and rising return ratio.

Outlook

With a revised pt of Rs.500, we shop at Birlasoft. Because of its excellent profits growth potential, transaction pipeline, and demand climate.

Moneycontrol.com is the source for this information.


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