IT - Software
IT - Software
from 293 today
Birlasoft posted modest Q1FY27 numbers giving investors nothing incremental to turn positive on yet. We continue to await signs of a sustainable turnaround while valuations are close to bottoming out; maintain 'REDUCE'.
While deal wins and pipeline momentum have improved, revenue growth visibility remains weak due to AI-led pricing pressures and ongoing weakness in Manufacturing and Energy & Utilities verticals. Near-term growth uncertainties and wage-hike pressures on margins warrant a Hold rating with a price target of Rs 320.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
